Jefferies Upgrades Oshkosh (OSK) to Buy; Relatively Defensive in Current Environment

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Jefferies upgraded Oshkosh (NYSE: OSK) from Hold to Buy with a price target of $26.00.

Analyst, Stephen Volkmann, said, "We are upgrading to Buy as OSK shares remain depressed despite gradually improving US commercial and construction markets. While a significant portion of sales and earnings have come from Defense markets, valuation now suggests that the market is ascribing a negative value to the Defense business."

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 $20.22 yesterday, with a 52 week range of $14.07-$30.96.

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