The firm pointed to Oshkosh's second-quarter results as an indicator of improved supply chains and further margin growth.
Industrial manufacturer Oshkosh Corporation is showing significant growth potential, and investors should capitalize on it, according to Baird. Analyst Mircea Dobre upgraded shares to outperform from neutral and raised his price target to $137 from $89. The new price target suggests a 35% upside from where the stock closed Tuesday.
" The analyst highlighted several signs for margin improvement with Oshkosh's defense segment, such as increasing annual revenue as well as the repurposing of excess defense capacity toward telehandlers and the production ramp on its multibillion-dollar and 10-year contract with USPS, through which Oshkosh is manufacturing a new fleet of U.S.-built postal delivery vehicles.
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