Oshkosh rises after brokerages hike PT
*Machinery manufacturer Oshkosh Corp OSK.N shares up nearly 2% at $112 in early trade
J.P. Morgan reiterates "neutral" rating and Jefferies maintains "hold"; both brokerages raise PT
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 forecast to $9.36 from $9.34
Also expects adj EPS to rise between $18 and $22 by 2028
*Jefferies says vocational segment will remain the driver for solid top-line growth over the next few years, while new product innovations and expansions will support long-term growth
Nine of sixteen brokerages rate the stock "buy" or higher, six "hold" and one "sell"; median PT is $109.50 - data compiled by LSEG
Including session moves, shares are up 17% YTD
Brokerages | New PT | Old PT | Downside |
J.P. Morgan | $106 | $92 | 3.3% |
Jefferies | $105 | $95 | 4.2% |
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