Oshkosh Corporation Has Become Irresistible After Its Plunge Lower

Daniel Jones Investing Group Leader Follow Summary Oshkosh Corporation is upgraded to 'Strong Buy' due to deep undervaluation and significant upside potential. Despite recent share underperformance and mixed bottom-line results, OSK's revenue growth and discounted valuation support a bullish stance. Management forecasts adjusted EPS of $18–$22 by 2028, implying annualized upside of 30%+ if targets are met at current multiples. Further upside exists if OSK's trading multiples converge with peers, offering potential returns of 6.5% to 90.2%. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » Santiago Martinez /iStock via Getty Images Ever since I reaffirmed Oshkosh Corporation ( OSK ) as a ‘buy’ candidate back in July, things have gone a bit south. Shares are down 9.7% while the S&P 500 is up 2.4%. This is disappointing to say the This article was written by Daniel Jones 37.94K Followers Follow Daniel is an avid and active professional investor. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.