Baird lowered the firm’s price target on Oshkosh (OSK) to $160 from $171 and keeps an Outperform rating on the shares following the in-line Q3 report. The firm says the company’s Defense and Vocational units are both set to grow EBIT in 2025, “providing an important buffer” to Access revenue and EBIT being down materially in 2025. The current Access downcycle demonstrates that Oshkosh’s “increasingly diversified end markets are stabilizing earnings/cash flows vs. prior cycles,” the analyst tells investors in a research note.
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Read More on OSK:
- Oshkosh lowers FY24 adjusted EPS view to $11.35 from $11.75, consensus $11.40
- Oshkosh reports Q3 adjusted EPS $2.93, consensus $2.92
- OSK Earnings this Week: How Will it Perform?
- Oshkosh price target raised to $125 from $120 at JPMorgan
- Oshkosh price target lowered to $114 from $126 at Truist
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