New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 30, 2014
11:24 EDTOSKOshkosh rebounds after analysts defend stock
Oshkosh's (OSK) stock is climbing as a number of analysts defended the shares after the company reported lower than expected profits yesterday morning. Oshkosh designs and manufacturers specialty vehicles and vehicle bodies for the defense, fire and emergency and commercial industries. WHAT'S NEW: After Oshkosh reported significantly lower than expected Q3 EPS and its shares fell yesterday, Robert W. Baird analyst Mircea Dobre upgraded his rating on the stock to Outperform from Neutral this morning. The risks facing the company from weaker profit margins for its Access unit, along with more uncertainty about demand for the equipment, is already priced into the stock, Dobre believes. The company should benefit from rebounding construction activity and the potential for stronger than expected results from its Defense unit, the analyst forecast. Additionally, Oshkosh's management has performed well, according to the analyst, who cut his price target on the shares to $55 from $58. Meanwhile, BMO Capital analyst Charles Brady was also upbeat on the stock's outlook. The company's results were disappointing, but the fundamentals of its Access Equipment business remain solid, while its Commercial business continues to improve, Brady wrote. Additionally, like Dobre, Brady believes that the company's Defense business could surpass expectations. Calling Oshkosh the cheapest stock among the companies he covers, Brady kept an Outperform rating on the shares but trimmed his price target on the stock to $61 from $66. Oshkosh's profit margins can continue to improve and the company may obtain contracts for its Joint Light Tactical Vehicle, Stifel analyst Stanley Elliot wrote. The stock is attractive following its pullback, according to the analyst, who kept a Buy rating on the shares. PRICE ACTION: In late morning trading, Oshkosh climbed $1, or 2.4%, to trade near $47 per share. The stock closed at $53.19 on July 28.
News For OSK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 18, 2014
09:01 EDTOSKU.S. Army orders Oshkosh FMTVs
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use