Oshkosh Truck "outperform," estimates raised

02/05/07 - Robert W. Baird

NEW YORK, February 5 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on Oshkosh Truck Corporation (OSK), while raising their estimates for the company. The target price is set to $67.

In a research note published this morning, the analysts mention that the company has reported its 1Q07 EPS significantly ahead of the estimates and the guidance. Defense demand is likely to accelerate due to recent supplemental funding measures, supported by new platform wins, the analysts say. There is upside to the target set by the company for cost savings related to the JLG acquisition, Robert W Baird believes. The EPS estimate for FY08 has been raised from $4.65 to $4.70.