Analysts Disagree After Oshkosh Announces Earnings, Guidance
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Oshkosh (NYSE: OSK) beat earnings estimates on Thursday.
Oshkosh also beat on sales, and then proceeded to raise its earnings guidance for Q4 and the year as a whole. Yet despite this good news, investors seemed confused, and sold off Oshkosh stock. For that matter, even Wall Street analysts seemed confused, with one banker taking a look at Q3 earnings and downgrading the stock, while a different analyst saw a reason to buy.
Quelle Fool.com
