Not much has changed in the past quarter for Oshkosh (OSK) and that's not necessarily a bad thing. The company's aerial work platform business is recovering, but Oshkosh and Terex (TEX)
are still waiting on rental companies in North America to renew their
fleets. The potential for activist-prompted moves is still here, and it
increasingly sounds as though management is considering an acquisition.
Oshkosh still looks undervalued on the basis of construction and
commercial vehicle prospects, with defense offering a highly binary
outcome later next year, but delays in a U.S. construction recovery
remain as a meaningful risk factor.
Read more here:
Oshkosh Leveraged To A U.S. Construction Recovery
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