Raymond James Lowers Oshkosh Price Target After Q3 Loss
📊 OSK — Piyasa Yorumu
▼ down · 62%OSK shares fell to 134.29 after a sharp decline of more than 7% within 24 hours, clearly slipping below the SMA20 (138.70) and SMA50 (139.73) moving averages. The RSI14 sits at 32.7, approaching the oversold threshold, yet it has not yet signaled a bottom; the MACD remains in negative territory and below the signal line, indicating sustained downward momentum. Raymond James’ reduction of its target price confirms that the analyst view has deteriorated following the third‑quarter loss, potentially adding short‑term selling pressure. Nevertheless, due to the oversold conditions, a rebound in buying could occur within 1–3 days, so the overall bias is bearish but cautious. In the short term, the 132–133 range should be watched as support, while the 138–139 band represents resistance.