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Fly News Breaks for November 2, 2018
OSK
Nov 2, 2018 | 09:40 EDT
SunTrust analyst Charles Brady lowered his price target on Oshkosh to $96 to reflect the "significant retreat" in its stock price ahead of Q4 earnings on concerns over "peaking Access Equipment business and margins from rising costs". The analyst raises his FY19 EPS view to $7.25 from $6.36 and FY20 to $8.33 from $7.70 following the Q4 earnings beat however, adding that the quarter's margins were especially strong and that the company has "more levers to pull on pricing and lean initiatives". Brady also keeps his Buy rating on Oshkosh.
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