Standpoint Research Starts Oshkosh (OSK) at Buy

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August 11, 2011 3:38 PM EDT
Get Alerts OSK Hot Sheet
Price: $152.89 --0%

Rating Summary:
    19 Buy, 13 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 13 | New: 19
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Standpoint Research initiates coverage on Oshkosh (NYSE: OSK) with a Buy. PT $24.00.

The firm states, "OSK shares were washed out and oversold on fears of how government spending cuts would impact OSK. More than two-thirds of OSK revenue comes from the government. In the last week estimates for 2012 EPS have come down from $3.53 to $2.24 leaving OSK at 8X forward estimates. Revenue estimates are for $7.6 bln leaving OSK market capitalization at 0.2X sales. OSK revenues last year were $9.8 bln."

For more ratings news on Oshkosh click here and for the rating history of Oshkosh click here.

Shares of Oshkosh closed at $17.21 yesterday.

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