Oshkosh price target lowered to $160 from $175 at Argus

Argus lowered the firm’s price target on Oshkosh (OSK) to $160 from $175 but keeps a Buy rating on the shares. The company is seeing success with the adoption of its electric vocational vehicles and has been expanding its capacity to meet demand, the analyst tells investors in a research note. While the recent macroeconomic conditions have weighed on results, Argus expects benefits in 2026 from production ramps in the Vocational and Defense segments, recent U.S. Government awards, and higher demand from customers amid lower rates, the firm added.