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Fly News Breaks for April 20, 2018
OSK
Apr 20, 2018 | 08:27 EDT
SunTrust analyst Charles Brady raised his price target on Oshkosh to $110 ahead of next week's earnings, citing "continued strength" in Access Equipment and RCV sales in the commercial segment. Brady says he also expects the company to raise its FY18 guidance and for management commentary to be favorable as the company enters the height of construction season with more orders placed in Q2 and the coming quarters. The analyst keeps his Buy rating on Oshkosh but also points to anticipated earnings call discussion around "material cost inflation and increased freight cost".
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