Oshkosh price target raised to $130 from $115 at Argus

Argus raised the firm’s price target on Oshkosh to $130 from $115 and keeps a Buy rating on the shares after its Q4 earnings beat and dividend hike. The company appears to have moved beyond recent challenges from inflation and supply-chain disruptions, and its sales growth is picking up, the analyst tells investors in a research note. Oshkosh management’s efforts to control costs are also “generating operating leverage”, the firm adds.