Truist analyst Jamie Cook raised the firm’s price target on Oshkosh to $132 from $121 but keeps a Hold rating on the shares. The company’s Q1 results beat consensus estimates, with margin outperformance being driven by Access Equipment, the analyst tells investors in a research note. Access margins for the rest of the year were weighed down by new product development, though demand continues to be supported by strength in the U.S. that is helped by stimulus and by the need to replace an aged fleet, the firm added.
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Read More on OSK:
- Oshkosh raises FY24 adjusted EPS view to $11.25 from $10.25, consensus $10.36
- Oshkosh reports Q1 adjusted EPS $2.89, consensus $2.25
- OSK Upcoming Earnings Report: What to Expect?
- Oshkosh price target raised to $130 from $120 at JPMorgan
- Oshkosh price target raised to $107 from $102 at Morgan Stanley
