Oshkosh price target raised to $115 from $110 at JPMorgan

JPMorgan analyst Tami Zakaria raised the firm’s price target on Oshkosh to $115 from $110 and keeps a Neutral rating on the shares ahead of the Q4 report. The outlook for access equipment remains positive with momentum in non-residential construction projects, capacity additions and improving supply chain to support growth in 2024 and beyond, the analyst tells investors in a research note. The firm expects Oshkosh’s guidance to bracket consensus, leaving room for upward revision later.