Oshkosh price target raised to $106 from $92 at JPMorgan

JPMorgan raised the firm’s price target on Oshkosh (OSK) to $106 from $92 and keeps a Neutral rating on the shares following the investor day. Whether the company’s 2028 targets “are aspirational or reasonable” depends on how the cycle evolves for Access, whether Vocational demand continues at this clip, and the successful ramp and mix of internal combustion engine versus battery electric vehicle in Oshkosh’s next generation delivery vehicle mail truck, the analyst tells investors in a research note. JPMorgan increased estimates, assuming higher buybacks than previously embedded in its models.