Oshkosh price target lowered to $85 from $102 at Citi

Citi analyst Timothy Thein lowered the firm’s price target on Oshkosh to $85 from $102 and keeps a Neutral rating on the shares. The analyst reduced price targets for machinery companies with high relative non-residential exposure. The firm sees a difficult competitive backdrop as the market digests capacity additions that likely add to downside pricing risk.