Oshkosh price target lowered to $105 from $135 at Jefferies

Jefferies analyst Stephen Volkmann lowered the firm’s price target on Oshkosh to $105 from $135 and keeps a Hold rating on the shares. Hard data suggests that shorter-cycle trends have not seen a meaningful inflection since the Q1 reporting season and with numbers and expectations having come down, the firm sees a mostly in-line Q2 earnings period for the U.S. Machinery group, the analyst tells investors in a preview.