Oshkosh price target raised to $105 from $95 at Jefferies

Jefferies analyst Stephen Volkmann raised the firm’s price target on Oshkosh (OSK) to $105 from $95 and keeps a Hold rating on the shares after the company introduced their 2028 financial targets. At the mid-point, the company assumes about 8.5% in annual organic revenue growth and operating margin expansion of about 300 basis points, which implies EPS of $20.00, says the analyst, who notes that the organic growth targets are ahead of the firm’s and Street forecasts, which call for a CAGR closer to 3% through 2027 and EPS of about $13.90. The “optimistic” top-line targets will require a snap-back in Access and a more robust economic backdrop, the analyst tells investors.