From Seekingalpha · Dhierin Bechai · · 40s
Oshkosh Strong Buy Upgrade
Oshkosh gets strong buy upgrade despite execution challenges.
In brief
Oshkosh gets strong buy upgrade despite execution challenges. Oshkosh Corporation is upgraded to strong buy with $180.56 price target due to robust balance sheet and long-term growth opportunities. Originally reported by Seekingalpha.
Oshkosh upgraded
Oshkosh Corporation is upgraded to strong buy with $180.56 price target.
Long-term growth
Robust balance sheet and multi-year growth trajectory underpin long-term upside.
Q2 performance
Q2 revenue grew but margins declined; near-term performance depends on fire truck throughput and NGDV production.
Balance sheet flexibility
Debt reduction and share repurchases supported by balance sheet flexibility.
Share price trend
Shares lost 5.7% since last report, underperforming S&P 500 which gained nearly 10%.
The takeaway
Oshkosh Corporation is upgraded to strong buy with $180.56 price target due to robust balance sheet and long-term growth opportunities.
