These Analysts Increase Their Forecasts On Oshkosh Following Strong Q2 Results

Oshkosh Corporation OSK reported better-than-expected second-quarter financial results and issued FY23 guidance.

Oshkosh posted adjusted earnings of $2.69 per share, beating market estimates of $1.57 per share. The company’s quarterly sales came in at $2.41 billion, versus expectations of $2.21 billion.

Oshkosh shares rose 10.1% to close at $101.41 on Tuesday.

These analysts made changes to their price targets on Oshkosh following earnings announcement.

• Keybanc boosted the price target on Oshkosh from $110 to $124. Keybanc analyst Ken Newman maintained an Overweight rating.
• Raymond James raised the price target on Oshkosh from $100 to $120. Raymond James analyst Felix Boeschen maintained an Outperform rating.
• Goldman Sachs boosted Oshkosh price target from $94 to $104. Goldman Sachs analyst Jerry Revich maintained a Neutral rating.
• Baird analyst Mircea Dobre, meanwhile, upgraded Oshkosh from Neutral to Outperform and announced a $137 price target.

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