Oshkosh price target raised to $121 from $90 at Bernstein

Bernstein raised the firm’s price target on Oshkosh (OSK) to $121 from $90 and keeps a Market Perform rating on the shares. The firm notes the company reported adjusted EPS of $2.58, almost 20% ahead of Street’s estimates, driven by higher volumes and improved pricing in the Vocational segment. Furthermore, management released 2025 guidance 5% ahead of Street’s estimates and even though the backlog and bookings declined year-over-year, they still provide management sufficient confidence to move forward, Bernstein adds.