KeyBanc Maintains a 'Buy' on Oshkosh (OSK); Lowers PT & Estimates
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Price: $152.89 +0.35%
Rating Summary:
19 Buy, 13 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 13 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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KeyBanc maintains a 'Buy' on Oshkosh (NYSE: OSK) price target cut from $38 to $28.
KeyBanc analyst says, "In our view, OSK has or will soon turn the corner with respect to FMTV profitability. We are also encouraged that OSK was able to sign the FHTV bridge contract without selling the technical package to the customer. Further, we expect results in Access Equipment will continue to improve, and we believe expectations for OSK are among the lowest on our list, suggesting increasing potential for upside surprise. We are decreasing our FY12 estimate to $1.34 from $1.85, and we are reducing our FY13 estimate to $2.00 from $2.82. Our new price target is 15.5x and 10.4x our FY12 and FY13 estimates, respectively."
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 $20.95 yesterday.
KeyBanc analyst says, "In our view, OSK has or will soon turn the corner with respect to FMTV profitability. We are also encouraged that OSK was able to sign the FHTV bridge contract without selling the technical package to the customer. Further, we expect results in Access Equipment will continue to improve, and we believe expectations for OSK are among the lowest on our list, suggesting increasing potential for upside surprise. We are decreasing our FY12 estimate to $1.34 from $1.85, and we are reducing our FY13 estimate to $2.00 from $2.82. Our new price target is 15.5x and 10.4x our FY12 and FY13 estimates, respectively."
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 $20.95 yesterday.
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