Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Otis Worldwide (OTIS) to $93 from $100 and keeps an Equal Weight rating on the shares. A second consecutive shortfall in Service organic revenue vs. expectations and EPS guidance maintained vs. an anticipated raise led to harsh pressure on shares, the firm notes. Key focus into the second half of the year is Service growth, and in particular how Maintenance tracks, says wells.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OTIS:
- Otis Worldwide price target lowered to $90 from $92 at Barclays
- Otis Worldwide Reports Steady Q2 2025 Performance
- Otis Worldwide CEO: We have not recovered from the property impacts in China
- Otis Worldwide backs FY25 adjusted EPS view $4.00-$4.10, consensus $4.08
- Otis Worldwide reports Q2 adjusted EPS $1.05, consensus $1.03