Oshkosh price target lowered to $120 from $132 at KeyBanc

KeyBanc analyst Steve Barger lowered the firm’s price target on Oshkosh (OSK) to $120 from $132 and keeps an Overweight rating on the shares. Although companies across the Industrial universe took different approaches to the tariff impacts on guidance and the firm previously felt outlooks generally embedded some prudent conservatism, Liberation Day tariffs proved to be much more meaningful than anticipated and have created significant uncertainty for capital investment near-term. As such, KeyBanc sees risk to both the top- and margin-line updates on a go-forward basis.