Oshkosh price target raised to $140 from $137 at Baird

Baird analyst Mircea Dobre raised the firm’s price target on Oshkosh to $140 from $137 and keeps an Outperform rating on the shares after its Q4 earnings beat and initial FY24 outlook. The firm sees the company’s guidance favorably and continues to “lean positively” due to elevated backlogs across segments, continued margin expansion upside in Vocational, and NGDV vehicle shipments commencing midyear, the analyst tells investors in a research note.