TEX - Oshkosh & Terex' Orders Strength To Decide The Near-Term Fate Cautious Analyst Downgrades Stock | Benzinga
KeyBanc Capital Markets analyst Steve Barger downgraded Oshkosh Corp (NYSE: OSK) and Terex Corp (NYSE: TEX) to Sector Weight from Overweight.
Although the analyst sees significant project funding visibility and elevated backlogs driving financial results this year, he expects order rates to moderate from recent high levels.
Barger believes 'decelerating B:Bs,' contraction in backlog, and return of forward revenue visibility to historical ranges can increase fears of peak cycle conditions.
Overall, amid the current environment, the analyst suspects potential signs of bad news outsizing negative impact on shares compared to ...