Oshkosh (NYSE:OSK) Rating Increased to Buy at DA Davidson

On August 12, 2021, DA Davidson, a leading financial services firm, announced that it has increased its rating for Oshkosh Corporation (OSK) from "Hold" to "Buy." Oshkosh is a global leader in the design, manufacture, and sale of access equipment, including material handling systems, concrete pumping equipment, and cranes.

The upgrade in rating reflects DA Davidson's positive outlook on Oshkosh's business prospects. The firm believes that the company's strong financial performance, growth opportunities, and competitive advantages position it well for long-term success.

In its research report, DA Davidson highlighted several factors that support its bullish view of Oshkosh. These include:

1. Strong financials: Oshkosh has consistently delivered solid financial results, with revenue growth of 20% in the first quarter of 2021 and a net income margin of 14%. The company's cash flow is also strong, with a current ratio of 3.5 times and a debt-to-equity ratio of 0.6 times.

2. Growth opportunities: Oshkosh has several growth opportunities in its various business segments. For example, the company's access equipment segment has benefited from increased demand for material handling systems due to the construction industry's recovery. Additionally, the company's concrete pumping equipment segment has seen growth due to rising demand for infrastructure projects.

3. Competitive advantages: Oshkosh has several competitive advantages that position it well in its markets. These include its strong brand recognition, innovative products, and a global customer base. The company also has a strong focus on sustainability, which is becoming increasingly important to customers.

Overall, DA Davidson believes that Oshkosh's strong financial performance, growth opportunities, and competitive advantages make it a compelling investment opportunity. The firm expects the company to continue to generate solid earnings growth and deliver value for its shareholders.