Oshkosh price target raised to $115 from $101 at Stifel

Stifel analyst Stanley Elliott raised the firm’s price target on Oshkosh to $115 from $101 and keeps a Buy rating on the shares. The company’s Q2 results “beat expectations by a healthy margin,” which was due to improving supply chain trends, better production in Access, and strong pricing, the analyst says. These results will help instill the idea that supply chain challenges are in the rearview, Stifel says. The firm remains optimistic on the company’s outlook.