BUZZ-Oshkosh falls on reports that Trump may cancel USPS electric mail truck contract

Reuters

Dec 07, 2024

** Shares of Oshkosh fall 7.1% to $103.95

** Reuters reports Donald Trump's transition team is considering canceling the United States Postal Service's contracts to electrify its delivery fleet, citing people familiar with the matter

** Report says Trump's transition team is now reviewing how it can unwind the postal service's multi-billion dollar contracts, including those with Oshkosh and Ford

** In 2023, Congress gave USPS $3 billion as part of a $430 billion climate bill to buy EVs and charging infrastructure; as part of that, Oshkosh is expected to deliver about 45,000 EVs

** 7 of 16 brokerages rate the stock "buy" or higher, 8 "hold" and 1 "sell"; their median PT is $122.5

** Including session's moves, stock down 2.4% YTD

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.parmar@thomsonreuters.com))

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as part of that, Oshkosh is expected to deliver about 45,000 EVs</p><p>   ** 7 of 16 brokerages rate the stock \"buy\" or higher, 8 \"hold\" and 1 \"sell\"; their median PT is $122.5</p><p>   ** Including session's moves, stock down 2.4% YTD</p><p> (Reporting by Abhinav Parmar in Bengaluru)</p><p>((Abhinav.parmar@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4555","symbol_name":"新能源车","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2489256575","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489256575","pubTimestamp":1733505823,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of Oshkosh    fall 7.1% to $103.95    ** Reuters reports Donald Trump's transition team is considering canceling the United States Postal Service's contracts to electrify its delivery fleet, citing people familiar with the matter   ** Report says Trump's transition team is now reviewing how it can unwind the postal service's multi-billion dollar contracts, including those with Oshkosh and Ford      ** In 2023, Congress gave USPS $3 billion as part of a $430 billion climate bill to buy EVs and charging infrastructure; 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as part of that, Oshkosh is expected to deliver about 45,000 EVs   ** 7 of 16 brokerages rate the stock \"buy\" or higher, 8 \"hold\" and 1 \"sell\"; their median PT is $122.5   ** Including session's moves, stock down 2.4% YTD (Reporting by Abhinav Parmar in Bengaluru)((Abhinav.parmar@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}