Oshkosh price target raised to $168 from $144 at Wells Fargo

Wells Fargo raised the firm’s price target on Oshkosh (OSK) to $168 from $144 and keeps an Overweight rating on the shares. The firm reiterates its positive outlook for the Machinery, Industrials & Environmental Services space heading into earnings. Wells argues the Machinery supply-driven recovery is broadening to new equipment, non-residential lead indicators are accelerating, and cash conversion is improving.