NEW YORK (TheStreet) -- Shares of Oshkosh (OSK - Get Report) were gaining on heavy volume in mid-afternoon trading on Monday as the stock was upgraded by several firms following Friday's selloff.

The stock plunged on Friday after the Oshkosh, WI-based specialty vehicle manufacturer gave a disappointing profit forecast for fiscal 2017.

Credit Suisse raised its rating on the stock to "neutral" from "underperform" and upped its price target to $54 from $50 earlier today.

"We believe OSK's selloff on Friday (down ~11%) is overdone following disappointing but realistic FY'17 and long-term guidance provided at OSK's analyst day and are upgrading the stock," the firm wrote in an analyst note.

JPMorgan also increased its rating on shares to "overweight" from "neutral" and lifted its price target to $60 from $55 today.

"We believe the pullback on Friday was overdone and FY'17 looks adequately conservative. Also, we are raising our out-year estimates for share repurchases and believe there is further upside to margins based on our tour of the Pierce facility as well as the defense facilities," the firm wrote in a note.

Additionally, Deutsche Bank said it sees Friday's decline as a buying opportunity.

"We believe the weaker guidance was exacerbated by stock positioning, as OSK is a consensus long in industrials. However, we think management has embedded a healthy dose of conservatism in its outlook," the firm added.

Deutsche Bank maintained its "buy" rating and $60 price target on the stock.

More than 1.16 million of the company's shares changed hands so far today vs. its average volume of 773,777 shares per day.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures.

The team believes its strengths outweigh the fact that the company has had sub par growth in net income.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: OSK