Bank of America analyst Michael Feniger has revised the price target for Oshkosh Corporation (OSK, Financial), reducing it from $110 to $90 while maintaining an Underperform rating on the stock. This adjustment reflects concerns over a potentially difficult earnings environment within sectors such as Machinery, Engineering & Construction (E&C), and Waste.
The analysis suggests that companies in these sectors might face a "lose-lose" scenario. According to BofA, firms may either have to lower their guidance in response to economic uncertainties or risk appearing disconnected from the current market conditions. As a strategic pivot, the firm is increasingly emphasizing services like aggregates, rentals, and waste management rather than focusing on original equipment manufacturers.
This shift by BofA indicates a cautious approach toward traditional manufacturing sectors amid prevailing economic challenges, suggesting potential volatility ahead for companies like Oshkosh in the current market climate.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Oshkosh Corp (OSK, Financial) is $114.27 with a high estimate of $163.00 and a low estimate of $91.00. The average target implies an upside of 41.40% from the current price of $80.81. More detailed estimate data can be found on the Oshkosh Corp (OSK) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Oshkosh Corp's (OSK, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Oshkosh Corp (OSK, Financial) in one year is $115.48, suggesting a upside of 42.9% from the current price of $80.81. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Oshkosh Corp (OSK) Summary page.
