Otis Worldwide named short-term sell idea at Deutsche Bank

Deutsche Bank analyst Nicole Deblase placed a “Catalyst Call: Sell” on shares of Illinois Otis Worldwide (OTIS) as a short-term investment idea. The stock’s underperformance is likely to continue into Q4 earnings season, the analyst tells investors in a research note. The firm says a “miss and guidance positioned below consensus will result in share price underperformance on earnings day.”