Otis Worldwide price target lowered to $105 from $109 at RBC Capital

RBC Capital analyst Nick Housden lowered the firm’s price target on Otis Worldwide (OTIS) to $105 from $109 and keeps an Outperform rating on the shares after its Q1 results. The combination of a cut to underlying profit guidance and soft growth in Maintenance & Repair led to Otis’s shares underperforming following, though the guidance cut, while unwelcome, was very minor, the analyst tells investors in a research note. Earnings growth may remain unexciting in Q2, but the firm continues to see solid development in the second half and into 2026, RBC added.