Otis Shares On The Rise As Market Tailwinds Lift New Equipment Prospects [Seeking Alpha]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Seeking Alpha
Play 10min Summary Otis Worldwide Corporation's share price increased over 160% since its spin-off. Potential for a further increase due to market tailwinds, including China's $325 billion stimulus and FED's interest rate cuts. Despite a decline in new equipment sales, Otis improved earnings through its service segment, which has higher margins, and more controlled production costs. Weak cash flow and low liquidity ratios are a concern, but I expect improvement as equipment sales recover. JP Morgan's recent stake in Otis signals confidence in the company's ability to capitalize on the market tailwinds, supporting my Buy rating. Compassionate Eye Foundation/Rob Daly/DigitalVision via Getty Images Since its spin-off from United Technologies Corporation in April 2020, Otis Worldwide Corporation ( NYSE: OTIS ) has seen its share price increase by over 160%. Considering the market tailwinds driven by the Chinese $325 billion stimulus This article was written by Deep
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OTIS
News
- Alexander MacDonald's Top Picks for November 14, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Otis Worldwide Co. (NYSE: OTIS) is now covered by analysts at UBS Group AG. They set a "neutral" rating and a $113.00 price target on the stock.MarketBeat
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OTIS
Earnings
- 10/30/24 - Miss
OTIS
Sec Filings
- 11/20/24 - Form CERT
- 11/19/24 - Form 8-A12B
- 11/19/24 - Form 8-K
- OTIS's page on the SEC website