UBS resumed coverage on Otis Worldwide with a new price target
$OTIS
Consumer Electronics/Appliances
Technology
UBS resumed coverage of Otis Worldwide with a rating of Neutral and set a new price target of $113.00 from $97.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/12/2024 | $104.00 | Peer Perform → Underperform | Wolfe Research |
| 12/5/2024 | $94.00 | Equal Weight → Underweight | Barclays |
| 11/13/2024 | $97.00 → $113.00 | Neutral | UBS |
| 10/8/2024 | Outperform → Peer Perform | Wolfe Research | |
| 9/6/2024 | $97.00 | Equal-Weight | Morgan Stanley |
| 4/2/2024 | Hold | Melius | |
| 2/22/2024 | $102.00 | Hold → Buy | Argus |
| 1/2/2024 | Buy → Hold | Vertical Research |
4 - Otis Worldwide Corp (0001781335) (Issuer)
4 - Otis Worldwide Corp (0001781335) (Issuer)
4 - Otis Worldwide Corp (0001781335) (Issuer)
Wolfe Research downgraded Otis Worldwide from Peer Perform to Underperform and set a new price target of $104.00
Barclays downgraded Otis Worldwide from Equal Weight to Underweight and set a new price target of $94.00
UBS resumed coverage of Otis Worldwide with a rating of Neutral and set a new price target of $113.00 from $97.00 previously
Elevator is first of three on site to be modernized with new Otis elevators SEATTLE, May 23, 2025 /PRNewswire/ -- A new, double-deck glass elevator from Otis opened for its first rides to passengers Friday as part of a new experience at the iconic Space Needle. Visitors to the tower can now soar above Seattle in a floor-to-ceiling glass, double-deck elevator, completely transforming the trip to the top. It's the first of three elevators on site that Otis (NYSE:OTIS), the world's leading elevator and escalator manufacturing, installation and service company, will modernize. The
Team from Pembroke Pines Charter High School in Florida proposes smartphone app that uses Artificial Intelligence to aid visually impaired people; wins grants to support STEM programming at school FARMINGTON, Conn., May 7, 2025 /PRNewswire/ -- Students from Pembroke Pines Charter High School in Pembroke Pines, Florida are the first-ever global winners of the Otis Made to Move Communities student challenge for their idea to develop a smartphone app that uses Artificial Intelligence to aid visually impaired people. More than 250 students from 28 schools across 16 countries and
Otis delivers mid-single digit organic Service sales growth and strong Service operating profit margin expansion Service net sales up 1% with organic sales up 4%GAAP operating profit margin down 350 bps, adjusted operating profit margin up 40 bpsGAAP EPS down 29% and adjusted EPS up 5%Maintenance portfolio units up 4%Modernization orders up 12%, backlog up 13%, up 14% at constant currencyGAAP cash flow from operations of $190 million; adjusted free cash flow of $186 millionShare repurchases of approximately $250 millionFARMINGTON, Conn., April 23, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2025 net sales of $3.3 billion with organic sales flat versus t