Deutsche Bank Starts Oshkosh (OSK) at Buy

September 6, 2016 4:44 PM EDT
Get Alerts OSK Hot Sheet
Price: $71.48 -0.1%

Rating Summary:
    10 Buy, 11 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Deutsche Bank initiated coverage on Oshkosh (NYSE: OSK) with a Buy rating and a price target of $62. Analyst Nicole DeBlase sees see 9% upside to consensus EPS in 2017.

"Oshkosh has the most robust four-year outlook in our coverage universe, as we forecast a 6% and 23% revenue and EPS CAGR over 2016-20e, respectively. The bulk of this strength will be driven by Defense, where the company will benefit as Joint Light Tactical Vehicle (JLTV) shipments to the US DoD ramp up. The 2017-19e delivery schedule has been well telegraphed, but we do not believe consensus is properly modeling the margin mix benefit (1,000 international Mine Resistant Ambush Producted shipments at a midteens margin); we sit 9% above FY17e consensus EPS, and model .40bps Y/Y Defense margin expansion. Incremental international MRAP orders, while hard to predict, would also boost DB/Street projections," said DeBlase.

For an analyst ratings summary and ratings history on Oshkosh click here. For more ratings news on Oshkosh click here.

Shares of Oshkosh closed at $54.78 yesterday.



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