Zacks Investment Research upgraded shares of KADANT INC (KAI) from NEUTRAL to OUTPERFORM on November 01, 2012, with a target price of $26.40.
Kadant Inc. is a leading supplier of a range of products and systems for the global papermaking and paper-recycling industries, including de-inking systems, stock-preparation equipment, water-management systems, and papermaking accessories. Through its majority-owned Thermo Fibergen subsidiary, the company also develops and commercializes composite building materials produced from natural fiber and recycled plastic. Kadant is a public subsidiary of Thermo Electron Corporation.(Press Release)
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