Wells Fargo analyst Joe O'Dea maintains $Otis Worldwide (OTIS.US)$ with a hold rating, and maintains the target price at $105.
According to TipRanks data, the analyst has a success rate of 58.7% and a total average return of 8.5% 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 capital expenditure exposure and elevated valuation could pose challenges to the stock's performance leading into 2025.
Persistent headwinds in China are expected to continue affecting new equipment volume and margin estimates for Otis Worldwide, leading to a slight reduction in adjusted EPS forecasts for 2024 and 2025. The significance of the Chinese market to Otis' revenue is shifting from a once upper teens percentage to lower teens, yet it remains a major focal point for the company.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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