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Upgrade Alert for Oshkosh (OSK)

By Nick Russo

Oshkosh (NYSE:OSK) was upgraded from Underperform to Neutral at Credit Suisse today. The stock closed yesterday at $52.42 on volume of 2.0 million shares, above average daily volume of 947,000.

Based on a current price of $52.42, Oshkosh is currently 17.4% above its average consensus analyst price target of $43.31. The stock should find initial support at its 50-day moving average (MA) of $39.78 and further support at its 200-day MA of $38.65.

Over the past year, Oshkosh has traded in a range of $29.59 to $57.75 and closed yesterday at $52.42, 77% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.6%.

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.

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 48.1%. 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