Otis Worldwide Corporation (OTIS) has been the subject of a fluctuating market performance, with both
increase and decrease in stocks across different days. Several organizations, including
SG Americas Securities LLC, Mackenzie Financial Corp, and Creative Planning, have raised their stock holdings in Otis. On the other hand,
Goodman Advisory Group LLC and Toronto Dominion Bank have sold shares. The company's significant initiatives include winning a
modernization project at 101 Collins Street in Australia and a 10-year service contract extension at
Burj Khalifa. A significant acquisition was made by Otis Taiwan, gaining control over
Jardine Schindler Lifts Limited. There has been a substantial change in the company with
CFO transition and the appointment of
Cristina Méndez as the new Executive Vice President and CFO. The company has maintained a strong industrial presence despite occasional underperformance. Some sources suggest that the company is
undervalued by 21%. Notably, Otis Worldwide reported solid Q4 and FY 2023 earnings and Q1 2024 promising earnings, despite lowering its sales forecast for 2024 due to weak demand.
Otis Worldwide Corporation OTIS News Analytics from Wed, 31 Jan 2024 08:00:00 GMT to Sat, 05 Oct 2024 14:46:50 GMT -
Rating 0
- Innovation 2
- Information 6
- Rumor -2
