Standpoint Research Upgrades Oshkosh (OSK) to Buy; A Few Industrial Stocks Starting To Look Good Again

Standpoint Research upgraded Oshkosh (NYSE: OSK) from Hold to Buy with a price target of $28.00.

Analyst, Ronnie Moas, said, "As we all know -- a low P/S is not a reason on its own to go into a stock as it may be a value trap situation involving a company with a deteriorating profit margin. OSK appears to be in the opposite situation that can oftentimes produce significant earnings surprises with its low P/S and expectations for rising margins...OSK is a high beta name and we will need a rising market to do well on this one. We are currently underweight in this sector and it is appropriate for those in this situation. If you are already overweight here I would be more careful in your place. Either drop something to make room for OSK or go into OSK gradually."

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 $22.57 yesterday.

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