JPMorgan Cuts Oshkosh Price Target to $132

JPMorgan cut its price target on Oshkosh to $132 from $150 while keeping a neutral rating; other analysts’ views were more positive overall, leaving the stock with a consensus “Moderate Buy” rating and an average target of $168.29. Oshkosh recently beat quarterly earnings and revenue estimates, although earnings per share were below the year-ago level. JPMorgan also lowered its Kennametal target to $30 from $34 and maintained an underweight rating; analyst sentiment on the company was generally cautious, with a consensus “Reduce” rating. For Kinsale Capital Group, JPMorgan reduced its target to $375 from $390 but retained a neutral rating, while the broader analyst consensus was “Reduce.” Kinsale reported quarterly earnings above estimates.