Barclays analyst Julian Mitchell lowered the firm’s price target on Otis Worldwide (OTIS) to $91 from $94 and keeps an Underweight rating on the shares as part of a Q4 preview for the multi-industry sector. The firm sees a slow start to the year amid sluggish organic sales growth and currency headwinds and notes investor expectations “are moving quickly, with cyclicals again somewhat out of favor.”
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Read More on OTIS:
- Otis Worldwide price target lowered to $100 from $105 at Wells Fargo
- Otis Worldwide downgraded to Underperform from Peer Perform at Wolfe Research
- Dana appoints Otis Worldwide general counsel Nora LaFreniere to board
- Otis Worldwide downgraded to Underweight from Equal Weight at Barclays
- Otis Worldwide assumed with a Neutral at UBS