In a note released earlier today, JP Morgan analyst, Ann Duignan downgraded shares of Oshkosh Corporation OSK from Overweight to Neutral and lowered the price target from $57 to $48.
"At this point in the cycle we believe investors will benefit by shifting from names with more residential construction exposure (aerial wok platforms) into those that supply earth-moving and related equipment used in more traditional non-residential construction subsectors," wrote Duignan.
For the company's fiscal 2014 fourth quarter and full-year, Duignan is predicting an EPS of $0.83 and $3.50, respectively.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in