Wells Fargo analyst Joe O'Dea maintains $Otis Worldwide (OTIS.US)$ with a hold rating, and maintains the target price at $105.
According to TipRanks data, the analyst has a success rate of 59.1% and a total average return of 8.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Otis Worldwide (OTIS.US)$'s main analysts recently are as follows:
Otis Worldwide may face challenges in stock performance leading into 2025, given its significant capital expenditure exposure and lofty valuation, as per analyst observations.
Persistent challenges in China are expected to continue affecting new equipment volume and margin forecasts, leading to a slight decrease in anticipated adjusted earnings for the coming years. Despite the reduction in China's revenue contribution to the company from the upper teens to the lower teens percentage range, the region remains a significant focal point for the business.
Note:
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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.
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