Information Provided By:
Fly News Breaks for December 10, 2018
OSK
Dec 10, 2018 | 06:57 EDT
As reported earlier, Goldman Sachs analyst Jerry Revich downgraded Oshkosh to Sell from Neutral and lowered his price target to $58 from $66 as part of his broader research note on the Engineering & Construction sector which requires a more selective positioning amid "growing signs of oversupply". The analyst expects the company's "Aerial Platform orders to decline following a year of peak industry supply additions", which will drive comparable cycle pressure in the segment. Revich adds while that the bulls on the stock will point to the record length of backlog, orders are a more telling indicator of the Oshkosh run-rate demand for the next 6-12 months.
News For OSK From the Last 2 Days
There are no results for your query OSK