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Upgrade Alert for Oshkosh (OSK)

By Nick Russo

Oshkosh (NYSE:OSK) was upgraded from Neutral to Buy at BofA/Merrill today. The stock closed yesterday at $54.54 on volume of 1.2 million shares, above average daily volume of 947,000.

Oshkosh Corporation designs, manufactures, and markets fire and emergency apparatus and specialty commercial and military trucks. The Company provides products such as pumpers, aerial and ladder trucks, tankers, rescue vehicles, snow removal vehicles, refuse truck bodies, and concrete mixers.

Oshkosh (NYSE:OSK) is currently priced 20.6% above its average consensus analyst price target of $43.31. Oshkosh shares have support at the 50-day moving average (MA) of $39.78 and additional support at the 200-day MA of $38.65.

In the past 52 weeks, Oshkosh share prices have been bracketed by a low of $29.59 and a high of $55.69 and closed yesterday at $54.54, 84% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.6%.

SmarTrend recommended that subscribers consider buying shares of Oshkosh on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.35. Since that recommendation, shares of Oshkosh have risen 55.2%. We continue to monitor OSK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades oshkosh

Ticker(s): OSK