NEW YORK (Reuters) - Oshkosh Corp OSK.N, which makes specialty military vehicles, could see its stock price decline by at least 20 percent, after huge gains in the past year and potential cutbacks in military spending, according to the financial weekly Barron's.
Barron’s, in its March 1 issue, said analysts have raised concerns about both the weak economy and the end this summer of a key military order for mine-resistant all-terrain vehicles.
About half of Oshkosh’s sales last year were comprised of military vehicles, the weekly reported. Because of a booming military business, the company’s shares are up about 448 percent in the past 12 months.
Oshkosh shares closed at $38.12 on the New York Stock Exchange on Friday.
Reporting by Paul Thomasch, Editing by Maureen Bavdek
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