JPMorgan raised the firm’s price target on Otis Worldwide (OTIS) to $101 from $88 and keeps a Neutral rating on the shares. The electrical equipment and multi-industry sector has re-rated due to tariff de-escalation, and is now expensive on an absolute basis, the analyst tells investors in a research note. The firm adjusted price targets to reflect a higher absolute anchor multiple that reflects the move up in the S&P 500. JPMorgan prefers companies who guided conservatively, “embedding the harshest tariff reality.”
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Read More on OTIS:
- Otis Worldwide price target lowered to $97 from $100 at Morgan Stanley
- Otis Worldwide price target lowered to $105 from $109 at RBC Capital
- Otis Worldwide price target lowered to $90 from $92 at Barclays
- Otis Worldwide Reports Strong Service Growth in Q1 2025
- Otis Worldwide’s Earnings Call: Growth Amid Challenges
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