RBC Capital analyst Nicholas Housden maintains $Otis Worldwide (OTIS.US)$ with a buy rating, and adjusts the target price from $110 to $109.
According to TipRanks data, the analyst has a success rate of 69.2% and a total average return of 12.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Otis Worldwide (OTIS.US)$'s main analysts recently are as follows:
The company's significant capex exposure and substantial valuation might pose challenges for the stock's performance into 2025, as discussed by an analyst in a research note.
The firm has revised its expectations for Otis Worldwide's adjusted earnings per share downwards by 1% for 2024 and by 2% for 2025, citing ongoing challenges in China that are impacting new equipment volume and margin projections. Although China's contribution to Otis's revenue is decreasing from the upper teens to the lower teens percentage-wise, it continues to be a significant area of focus.
Note:
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