Otis Worldwide Corporation (OTIS) has made significant moves in the market recently, with multiple asset management companies increasing their stakes in the company. Companies such as
Invesco Ltd., Rathbones Group PLC, Ashburton Jersey Ltd, Clarkston Capital Partners LLC, and
APG Asset Management N.V. have made substantial investments in Otis Worldwide. JPMorgan Chase & Co., however, have lowered their expectations for
OTIS stock price. The firm’s Q1 performance is eagerly anticipated, with the CEO and CFO set to present their growth strategy. This comes following a decline in its stock price to a
52-week low at $90.09, before rebounding on an optimistic appraisal ahead of their earnings release. Significant new contracts, like the
Kaohsiung MRT Red Line Extension, show potential for future growth. Despite earnings missing estimates in Q4, Otis also announces plans for a
$2 Billion share buyback program from 2025 that suggests internal confidence in the company’s trajectory.
Otis Worldwide Corporation OTIS News Analytics from Wed, 02 Oct 2024 07:00:00 GMT to Sat, 12 Apr 2025 11:38:19 GMT -
Rating 5
- Innovation 0
- Information 7
- Rumor -2
