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Fly News Breaks for August 23, 2017
OSK
Aug 23, 2017 | 07:45 EDT
After meeting with Oshkosh's management, Stifel analyst Stanley Elliott is "encouraged" by what he sees as the increased diversification of its business,and he says that its guidance for $1.7B of defense revenue for fiscal 2018 could be conservative. He thinks that it could sell its JLTV to foreign countries, and he calls the stock's valuation attractive. The analyst keeps an $80 price target and a Buy rating on the shares.