Oshkosh pullback a buying opportunity, says JPMorgan JPMorgan views the sell-off in shares of Oshkosh after the company reported a downside Q3 and lowered FY14 outlook as a buying opportunity. The firm dropped its price target for shares to $57 from $65 but views the valuation as compelling at current levels. It reiterates an Overweight rating on the name.
Oshkosh Defense to build 698 additional FMTVs for U.S. Army Following a $184M order from the U.S. Army TACOM Life Cycle Management Command, Oshkosh Defense, an Oshkosh Corporation company, will produce 698 Family of Medium Tactical Vehicles trucks for the U.S. Army. Deliveries will begin in 2016.