RBC Capital lowered the firm’s price target on Otis Worldwide (OTIS) to $105 from $108 but keeps an Outperform rating on the shares. The company’s Q2 results also saw the management cut its guidance for the fourth consecutive quarter, and the firm believes that Otis needs to return to the steady operational delivery that characterized its performance until 2024, the analyst tells investors in a research note. RBC adds however that despite recent disappointments, it still considers Otis to be among the highest-quality companies in its coverage.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OTIS:
- Otis Worldwide upgraded to Peer Perform from Underperform at Wolfe Research
- Otis Worldwide’s Earnings Call: Mixed Sentiments and Strategic Insights
- Otis Worldwide price target lowered to $93 from $100 at Wells Fargo
- Otis Worldwide price target lowered to $90 from $92 at Barclays
- Otis Worldwide Reports Steady Q2 2025 Performance