J.P.Morgan raises Oshkosh price target, 2025 EPS

J.P. Morgan raises machinery manufacturer Oshkosh Corp OSK.N price target to $106 from $92, a downside of 3.3% to the stock's last close

Reiterates 'neutral' rating

Says outlook for defense and vocational segment remains favorable over the near term

However, J.P. Morgan says OSK's access equipment sales may see a modest downturn in 2025, but the longer-term outlook looks strong supported by new applications as well as replacement demand

J.P. Morgan raises co's 2025 adj EPS to $9.36 from $9.34

Also expects adj EPS to rise between $18 and $22 by 2028

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 15.3% YTD