Otis Worldwide price target lowered to $90 from $92 at Barclays

Barclays lowered the firm’s price target on Otis Worldwide (OTIS) to $90 from $92 and keeps an Underweight rating on the shares post the Q4 report. The company’s “sub-par” organic profit growth could mean the stock’s valuation continues to de-rate versus peers, the analyst tells investors in a research note.