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Fly News Breaks for August 3, 2017
OSK
Aug 3, 2017 | 07:15 EDT
BofA/Merrill analyst Ross Gilardi upgraded Oshkosh to Neutral and raised its price target to $78 from $60 citing better than expected Q3 results. The analyst had expected a slowdown in FY18 Defense earnings, that would lead to reduced earnings estimates, but Q3 results were much better than he expected. Gilardi raised his forecasts materially and said he was "taking a mulligan" on his previous thesis.
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