** J.P. Morgan raises machinery manufacturer Oshkosh Corp OSK.N price target to $106 from $92, a downside of 3.3% to the stock's last close
** Reiterates 'neutral' rating
** Says outlook for defense and vocational segment remains favorable over the near term
** However, J.P. Morgan says OSK's access equipment sales may see a modest downturn in 2025, but the longer-term outlook looks strong supported by new applications as well as replacement demand
** J.P. Morgan raises co's 2025 adj EPS to $9.36 from $9.34
** Also expects adj EPS to rise between $18 and $22 by 2028
** Nine of sixteen brokerages rate it "buy" or higher, six "hold" and one "sell"; median PT is $109.50 - data compiled by LSEG
** As of last close, stock had risen 15.3% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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