Wells Fargo analyst Joe O’Dea maintained a Hold rating on Otis Worldwide (OTIS – Research Report) yesterday and set a price target of $95.00. The company’s shares closed last Friday at $91.24.
O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Carrier Global, and Emerson Electric Company. According to TipRanks, O’Dea has an average return of 6.1% and a 56.52% success rate on recommended stocks.
In addition to Wells Fargo, Otis Worldwide also received a Hold from UBS’s Christopher Snyder in a report issued on February 16. However, on February 5, RBC Capital maintained a Buy rating on Otis Worldwide (NYSE: OTIS).
See the top stocks recommended by analysts >>
OTIS market cap is currently $36.99B and has a P/E ratio of 26.90.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Otis Worldwide (OTIS) Company Description:
Otis Worldwide Corporation engages in designing, manufacturing, selling and installations of passenger and freight elevators, escalators and moving walkways for infrastructure projects, and residential and commercial buildings. It also provides maintenance and repair services, as well as modernization services for elevators and escalators.
Read More on OTIS:
- Otis Worldwide backs FY24 adjusted EPS view up 7%-10%, consensus $3.84
- Otis Worldwide introduces medium-term outlook ahead of investor day
- Otis Worldwide price target raised to $104 from $95 at JPMorgan
- Otis Declares Quarterly Dividend of $0.34 per Share
- Otis Worldwide price target lowered to $95 from $97 at Wells Fargo
