Oshkosh rises after brokerages hike PT

Oshkosh

06/06/2025 15:10

Updates

** 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%

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))