Otis Worldwide Corporation (OTIS) has seen a number of various moves by key investment bodies. Numerous entities such as the
Czech National Bank, Sarasin & Partners, and
Sumitomo Mitsui DS Asset Management Company have made significant acquisitions of OTIS shares. However, this is contrasted with several sell-offs from companies like
Voya Investment Management and
Quintet Private Bank Europe. Seventeen organizations have made new investments in OTIS including
Belpointe Asset Management,
Vancity Investment Management, and others. The company's stock has suffered ratings and earnings estimate cuts by
Zacks Research, with ensuing shares price decline. Nonetheless, JPMorgan Chase & Co. raised the company's price target to
$105.00. Concerns have been raised about management's compensation amidst overall economic uncertainties that could challenge OTIS's growth story. Notably, the company has manoeuvred this by securing significant contracts, notably in
Egypt and Singapore. The corporation has some misses in sales projections, and suffered dips in new equipment orders, likely due to tariffs affecting Chinese produce. However, the company remains optimistically poised for growth.
Otis Worldwide Corporation OTIS News Analytics from Fri, 31 Jan 2025 08:00:00 GMT to Sun, 21 Sep 2025 00:51:56 GMT -
Rating 0
- Innovation 1
- Information 8
- Rumor -3
