Oshkosh Eyes a $1 Billion British Armored Car Contract
Merrill Lynch tempted fate, and fate won.
Last week, analysts at Bank of America's Merrill Lynch brokerage unit announced they were downgrading Oshkosh (NYSE: OSK) stock all the way to sell, and cutting their price target on the stock to $60.
According to Merrill, a "lack of new ... orders for" heavily armored "MRAP" trucks for 2018 delivery would create an "air pocket" in Oshkosh's revenue stream. Sales could come in as much as 15% below the high point of Oshkosh's $2 billion in expected 2018 earnings. Deprived of this source of high-profit margin sales, Oshkosh's earnings would tumble.
Source: Fool.com
Oshkosh Corp. Stock
€111.00
0.910%
Oshkosh Corp. is currently one of the favorites of our community with 16 Buy predictions and no Sell predictions.
With a target price of 114 € there is a slightly positive potential of 2.7% for Oshkosh Corp. compared to the current price of 111.0 €.
