Kennametal shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $40 to $33.

Kennametal Inc.

Kennametal Inc.

KMT

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Kennametal shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $40 to $33.