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Stock Market & Financial Investment News

News Breaks
January 2, 2013
08:18 EDTOSKOshkosh upgraded to Buy from Neutral at ISI Group
ISI Group upgraded the Machinery Sector following channel checks that indicate an inventory reduction has started. The firm did lower estimates further below consensus but expects a bottom in 1H 2013 as inventories are reduced. As part of the sector change, the analyst upgraded Caterpillar (CAT), CNH Global (CNH), Cummins (CUM), Deere (DE), Eaton (ETN), Illinois Tool Works (ITW), Ingersoll-Rand (IR), and Oshkosh (OSK) to Buy from Neutral. The firm adds that Caterpillar was a notable laggard in 2012 and could be among the best performers in 1H 2012 as investors take on more risk.
News For OSK From The Last 14 Days
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July 30, 2015
09:25 EDTOSKOn The Fly: Pre-market Movers
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09:22 EDTOSKOshkosh downgraded to Hold from Buy at Drexel Hamilton
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07:14 EDTOSKOshkosh sees FY15 net sales of approx. $6.1B, consensus $6.39B
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07:14 EDTOSKOshkosh cuts FY15 adjusted EPS view to $3.00-$3.25 from $3.75-$4.00
Consensus is $3.77. “We are reducing our full year 2015 expectations for adjusted EPS to a range of $3.00 to $3.25 based on lower expected sales in our access equipment segment,” said Charles L. Szews, Oshkosh Corporation CEO. “While we are adjusting our access equipment segment expectations, we are confident in the overall strength of our business and expect improved financial performance in fiscal 2016 led by a strong recovery in our defense segment.
07:13 EDTOSKOshkosh reports Q3 adjusted EPS $1.23, consensus $1.24
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