SVB Wealth LLC,
Andra AP fonden,
EFG Asset Management Americas Corp.,
Welch & Forbes LLC, and several other firms have increased their stock holdings of
Otis Worldwide Co. (OTIS). This indicates a potential market confidence in the company's prospects and overall industry health. However, some firms, including
Bahl & Gaynor Inc. and Los Angeles Capital Management LLC, have reduced their holdings. A notable
Q4 2024 earnings report highlighted a strong service growth trajectory, but indicated a slight miss in estimates, leading to stock price fluctuation. OTIS also announced an upcoming
$2 Billion Share Buyback Program starting in 2025 and a drop in Q4 sales due to weak demand. A slew of Wall Street Analysts project OTIS's stock at a
$102.88 consensus target price with bearish and bullish sentiments split. Latest developments noted are the
acquisition of Jardine Schindler Lifts Limited in Taiwan and the appointment of
Nicolas Lopez as Managing Director of Southeast Asia.
Otis Worldwide Corporation OTIS News Analytics from Sat, 27 Apr 2024 07:00:00 GMT to Sat, 08 Mar 2025 12:14:17 GMT -
Rating 1
- Innovation 2
- Information 6
- Rumor -4
