Otis Worldwide downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research analyst Nigel Coe downgraded Otis Worldwide (OTIS) to Peer Perform from Outperform without a price target The firm says the company’s “negative” first half of 2026 earnings update was surprising. While the shares are “cheap,” Wolfe has lost confidence in Otis’ near-term earnings trajectory, the analyst tells investors in a research note. The firm can no longer recommend the stock until it better understands the company’s path to a growth recovery.