Barclays lowered the firm’s price target on Otis Worldwide (OTIS) to $94 from $96 and keeps an Equal Weight rating on the shares. The company’s high capex exposure and high valuation means the stock may struggle to work into 2025, the analyst tells investors in a research note.
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Read More on OTIS:
- Otis Worldwide price target lowered to $105 from $108 at Wells Fargo
- Otis Worldwide Corporation Reports Strong Q3 2024 Results
- Otis Worldwide reports Q3 adjusted EPS 96c, consensus 97c
- Otis Worldwide narrows FY24 EPS view to $3.85 from $3.85-$3.90, consensus $3.87
- Otis Worldwide price target raised to $112 from $105 at JPMorgan