Barclays analyst Julian Mitchell maintains $Otis Worldwide (OTIS.US)$ with a sell rating, and adjusts the target price from $94 to $91.
According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 14.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Otis Worldwide (OTIS.US)$'s main analysts recently are as follows:
Expectations for Otis Worldwide in the fourth quarter are moderated by a forecast of a slow start to the year due to sluggish organic sales growth and currency headwinds. It is noted that investor preferences are swiftly changing, with a decreasing favor towards cyclicals.
Initial guidance for 2025 across the industry is anticipated to prompt downward revisions in consensus estimates. This adjustment largely stems from recent dollar strength, which has been a significant factor. It is posited that the effects of currency pressures are now fully recognized, and any initial guidance falling below consensus may not be unexpected.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
