Standpoint Research Downgrades Oshkosh (OSK) to Hold; Valuation Call

Standpoint Research downgraded Oshkosh (NYSE: OSK) from Buy to Hold.

Standpoint analyst, Ronnie Moas, said, "The S&P has run up by > 100 points since the intra-day low on Monday last week and we want to reduce our high beta exposure here. OSK is + 18.8% for us and + 1150 bps versus the S&P-500. The shares remain undervalued by more than the first two names we dropped (MDT & SBS), but the downside risk is higher. I am disregarding any takeover speculation surrounding this Icahn name, now trading at more than 10X estimates for next year."

For an analyst ratings summary and ratings history on Oshkosh click here. For more ratings news on Oshkosh click here.

Shares of Oshkosh closed at $20.95 yesterday.

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