Wolfe Research downgraded Otis Worldwide (OTIS) to Underperform from Peer Perform with a $104 price target Wolfe sees a tough set-up for Otis management to navigate in 2025, including China construction markets that will likely be down again, but also price deflation, credit risks and rising U.S. trade tensions that add to concerns, the analyst tells investors in a research note. As a result of these factors, and the likely continuation of weak multi-family and commercial construction markets in the U.S. and EU, Wolfe sees a 2025 outlook for below-trend revenue growth and a clear downside risk bias to estimates.
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Read More on OTIS:
- Otis Worldwide downgraded to Underperform from Peer Perform at Wolfe Research
- Dana appoints Otis Worldwide general counsel Nora LaFreniere to board
- Otis Worldwide downgraded to Underweight from Equal Weight at Barclays
- Otis Worldwide assumed with a Neutral at UBS
- Otis Worldwide price target lowered to $94 from $96 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
