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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Jefferies analyst Stephen Volkmann downgraded Oshkosh Corp (NYSE:OSK) to Hold from Buy with a price target of $105 (implying a downside of 1.76%), down from $150.
- Volkmann sees near-term delivery headwinds and medium-term headwinds to both the company's sales and margins in defense. Supply chain constraints across the industrial space are pressuring volumes and offsetting strong demand.
- The analyst adds that Oshkosh's recent contract wins in defense are not likely to generate significant revenue in fiscal 2022 and lowers estimates to below consensus through fiscal 2023.
- Recently, Oshkosh entered a strategic partnership and invested in Carnegie Foundry to accelerate innovation in autonomy and robotics.
- Price Action: OSK shares closed lower by 1.21% at $106.86 on Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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