Goldman Sachs analyst Jerry Revich upgraded Oshkosh (OSK) to Buy from Neutral with a price target of $131, up from $124. The firm is citing declining construction equipment capital stock – its “favored lead indicator” for used equipment values and ultimately capex. Goldman also notes that consensus estimates for Oshkosh now embed tariff risks, adding that it expects improving Transportation margins driven by completed contract renewals for tactical wheeled vehicle products following a period of underperformance post-COVID.
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