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Fly News Breaks for January 25, 2018
OSK
Jan 25, 2018 | 11:07 EDT
Baird analyst Mircea Dobre recommends investors use the Machinery pullback to buy Oshkosh. The analyst notes that Q1 showed significant business momentum in the Access segment, which should result in continued upside to guidance/expectations as the year progresses. Further, Dobre believes management is executing well, free cash flow is accelerating, and the balance sheet is under-levered which results in additional optionality down the line. The analyst reiterates an Outperform rating on the shares.
News For OSK From the Last 2 Days
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.