UPDATE: Jefferies Upgrades Oshkosh (OSK) to Buy, New Street High PT of $125

Jefferies analyst Stephen Volkmann upgraded Oshkosh (NYSE: OSK) from Hold to Buy with a price target of $125.00 (from $100).

The analyst comments "We upgrade OSK from HOLD to BUY as we believe consensus is significantly under appreciating the potential upside from recovery in the AWP market. Secondarily, we believe our concerns over the potential for State/Local spending weakness have been overdone. Our EPS estimates are significantly above consensus and we raise our price target to $125, reflecting 10x our FY22 EBITDA estimate."

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 $99.03 yesterday.

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