Oshkosh & Terex' Orders Strength To Decide The Near-Term Fate, Cautious Analyst Downgrades Stock
Portfolio Pulse from Lekha Gupta
KeyBanc Capital Markets analyst Steve Barger has downgraded Oshkosh Corp (OSK) and Terex Corp (TEX) to Sector Weight from Overweight. Despite seeing significant project funding visibility and elevated backlogs driving financial results this year, Barger expects order rates to moderate. He also suspects potential signs of bad news outsizing negative impact on shares. Barger has less confidence in 2025 estimates for both companies as they can vary according to the strength of orders in the coming quarters.
September 28, 2023 | 7:14 pm
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NEGATIVE IMPACT
Oshkosh Corp (OSK) has been downgraded to Sector Weight from Overweight by KeyBanc analyst Steve Barger. He expects order rates to moderate and potential bad news to have a larger negative impact on shares.
The downgrade by the KeyBanc analyst is likely to negatively impact the stock price of Oshkosh Corp in the short term. The analyst's expectation of moderating order rates and potential bad news having a larger negative impact on shares could lead to a decrease in investor confidence, thereby affecting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Terex Corp (TEX) has been downgraded to Sector Weight from Overweight by KeyBanc analyst Steve Barger. He expects order rates to moderate and potential bad news to have a larger negative impact on shares.
The downgrade by the KeyBanc analyst is likely to negatively impact the stock price of Terex Corp in the short term. The analyst's expectation of moderating order rates and potential bad news having a larger negative impact on shares could lead to a decrease in investor confidence, thereby affecting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100