BofA raised the firm’s price target on Oshkosh (OSK) to $110 from $95 and keeps an Underperform rating on the shares. The firm updated estimates post Oshkosh’s Q4 report on January 30 and peer results, including Terex (TEX). The firm still maintains a bias for rental operators like United Rentals (URI) over rental suppliers, but acknowledges that within the rental suppliers, Oshkosh’s non-access exposure provides more resiliency and visibility in a weakening construction backdrop.
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