Oshkosh price target raised to $68 from $64 at Barrington Barrington raised its price target for Oshkosh shares to $68 and keeps an Outperform rating on the stock. The firm believes replacement demand continues to drive North American Access Equipment sales.
Oshkosh 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.