Oshkosh upgraded to Overweight from Sector Weight at KeyBanc

KeyBanc upgraded Oshkosh (OSK) to Overweight from Sector Weight with a $113 price target Participants at the World of Concrete conference believe the current administration will create a more supportive environment for the cement industry, which has boosted confidence around work visibility, the analyst tells investors in a research note. The firm cites a “seemingly more positive backdrop” for the upgrade of Oshkosh. While KeyBanc does not expect the company’s Q4 will be an overly strong order quarter, it thinks current conditions are well known and discounted into the shares. It likes Oshkosh’s diversification and recent operational track record.