Citi analyst Kyle Menges downgraded Oshkosh (OSK) to Neutral from Buy with a price target of $170, down from $180, ahead of the Q1 report. The firm sees a balanced risk/reward at current share levels. Citi believes Oshkosh will likely miss its 2028 earnings per share target range of $18-$22. The company also faces near-term risks relating to the U.S Postal Service competition in the access equipment market, the analyst tells investors in a research note.
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