Guinness Asset Management LTD,
Artemis Investment Management LLP, and other firms increased their stake in
Otis Worldwide Corporation, indicative of confidence in the company’s future. However,
Wolfe Research downgraded the firm and its shares have experienced both rises and drops. Expectations are heightened for
Q3 2024 earnings. On the strategic front,
OTIS is making significant moves, including a contract to enhance 101 Collins Street in Melbourne. There were noted
stock purchases by various companies and mixed stock performance results. Judy Marks, Chair, President & CEO had a noted conversation, sparking interest. Otis is said to be a
strong growth stock, but there are recommendations that shareholders might seek to exit. Major
acquisitions in Taiwan and a 10-year service contract extension for Burj Khalifa are in play. New
appointments for EVP and CFO positions and student innovation improving access to urban green space are other notable events. Lastly, OTIS's
Q2 earnings beat estimates, but net sales missed, signaling a mixed outlook.
Otis Worldwide Corporation OTIS News Analytics from Wed, 31 Jan 2024 08:00:00 GMT to Sat, 12 Oct 2024 14:24:13 GMT -
Rating 2
- Innovation 1
- Information 5
- Rumor -3
