Oshkosh rises after Truist upgrades to 'buy', lifts PT

Machinery manufacturer Oshkosh Corp OSK.N rises 2% to $100 in premarket trading

Truist Securities upgrades co to "buy" from "hold"; raises PT to $127 from $93, an upside of 29.2% to stock's last close

Says defense sales and margins expected to improve in 2026 as repriced contracts on heavy tactical vehicle sand medium tactical vehicles will be accretive to margins in 2026

Also says delivery vehicle contract win, which is the U.S. Postal Service's first large-scale fleet procurement, is also an opportunity to improve margins and diversify away from the tactical wheeled vehicle market

However, brokerage raises concern on access equipment business as sales are expected to be down 15% in 2025

Truist raises 2026 adj. EPS forecast to $12.55 from $11.55

Nine of sixteen brokerages rate it "buy" or higher, six "hold" and one "sell"; median PT is $109.50 - data compiled by LSEG

As of last close, stock had risen 3.4% YTD