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Fly News Breaks for January 29, 2016
OSK
Jan 29, 2016 | 06:08 EDT
SunTrust analyst Charles Brady upgraded Oshkosh to Buy and lowered his price target to $38 from $46. The analyst said Oshkosh reported weaker than expected Q1 results and guidance but upgraded shares due to reduced Access Equipment growth expectations have come to fruition, a strong likelihood that the final Defense contract is finalized in the next 2--3 quarters at high margin revenues, steady mid-single digit revenue growth for Commercial and Fire & Emergency segments, and attractive valuation.
News For OSK From the Last 2 Days
OSK
Apr 26, 2024 | 08:52 EDT
OSK
Apr 25, 2024 | 17:08 EDT
OSK
Apr 25, 2024 | 16:28 EDT
Baird raised the firm's price target on Oshkosh to $158 from $140 and keeps an Outperform rating on the shares following the Q1 report. The quarter showcased ongoing improvement in the company's overall execution, with Access and Vocational margins continuing to surprise positively, the analyst tells investors in a research note. The firm believes Oshkosh's Vocational and Defense units have "meaningful runway" to drive operating income growth, which should be able to offset any future Access cyclical softening.
OSK
Apr 25, 2024 | 06:04 EDT
Raises FY24 revenue view to ~$10.7B from $10.4B, consensus $10.3B.
