{
  "id": 17811187,
  "title": "DA Davidson lowers Oshkosh stock price target on delayed fire unit ramp",
  "url": "https://urgent.news/2026/11/02/da-davidson-lowers-oshkosh-stock-price-target-on-delayed-fire-unit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T14:55:29.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/da-davidson-lowers-oshkosh-stock-price-target-on-delayed-fire-unit-ramp-93CH-4992145"
  },
  "original_language": "en",
  "account": "DA Davidson has reduced its price target on Oshkosh stock to $164 from $168, while keeping the stock's rating at Buy. Oshkosh's current stock price stands at $144.55, indicating potential upside to the analyst’s target. The firm has lowered its 2026 earnings per share forecast for Oshkosh to $8.50-$9.50 from $11, following the company’s third-quarter 2026 earnings report. This adjustment aligns with the sentiment of other analysts, who have revised their earnings downwards for the upcoming period, according to InvestingPro data. Despite these near-term challenges, DA Davidson maintains that the stock is undervalued at its current level. The firm believes the delay in ramping up the Fire business is the primary reason behind the reduced price target, though it emphasized that no significant business or earnings were lost. Oshkosh's Access segment continues to operate in a mostly favorable environment. The analyst remains confident in Oshkosh achieving earnings per share of $18-$22 in 2028, suggesting that the recent issues might be temporary. DA Davidson continues to recommend the stock despite the lowered near-term price target. In a recent update, Oshkosh reported weaker-than-expected third-quarter 2026 financial results, with adjusted earnings of $2.41 per share, below the expected $3.07 per share. Revenue for the quarter was $2.84 billion, up 5.7% year-over-year, but it still fell short of market expectations. The company’s profit margins were adversely affected by production issues in its vocational business segment. These financial setbacks have drawn the attention of investors and analysts alike. The article was created with AI assistance and reviewed by an editor for accuracy, following the guidelines provided.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}