Industrial manufacturer Oshkosh Corporation is showing significant growth potential, and investors should capitalize on it, according to Baird. Analyst Mircea (Mig) Dobre upgraded shares to outperform from neutral and raised his price target to $137 from $89. The new price target suggests a 35% upside from where the stock closed Tuesday. "The pressure in Vocational and Defense offset an Access business where execution/margin was ramping," Dobre said in a Wednesday note. In vocational, Dobre noted the company's second-quarter margin improvement as an indicator of improved supply chains and further margin growth.

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Persons: Baird, Mircea, Dobre, — CNBC's Michael Bloom Organizations: Oshkosh Corporation, Defense, USPS, Oshkosh Locations: telehandlers, U.S