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9 stories mentioning OTISUpdated 1d ago

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Wire

Otis Worldwide's Q2 Service Margin Miss Warrants a More Conservative Medium-Term View, RBC Says

Otis Worldwide's (OTIS) Q2 service segment operating margin miss warrants a more conservative view of the unit over the medium term, RBC Capital Markets said in a Tuesday research report.A Q2 service margin miss was attributed to mix, while profitability was impacted by higher cost inflation, according to the note.The brokerage said it expects 2027 organic growth to accelerate with some potential for margin expansion.The company took the right decision to sacrifice near-term profitability to fix retention and drive more pricing, analysts wrote, adding that they cut 2026 and 2027 adjusted EPS guidance by 5% and 6%, respectively.The brokerage said it reiterated its outperform rating on the stock and cut its price target to $90 per share from $98.Price: $74.08, Change: $+0.89, Percent Change: +1.22%

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Wire

BNP Paribas Adjusts Otis Worldwide Price Target to $86 From $90

Otis Worldwide (OTIS) has an average rating of overweight and mean price target of $92.60, according to analysts polled by FactSet.Price: $69.94, Change: $-0.47, Percent Change: -0.67%

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Wire

Otis Launches Gen3 Elevator Modernization Solutions in EMEA

Otis Worldwide (OTIS) said Tuesday it is introducing its Otis Gen3 MOD solutions in Europe, the Middle East and Africa, expanding availability beyond the US, Canada, and Asia.The solutions allow building owners to update their systems with the Otis Gen3 platform, improving performance and extending equipment lifespan, the company said.Price: $71.49, Change: $-1.43, Percent Change: -1.96%

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Research

Bernstein Initiates Otis Worldwide at Outperform With $97 Price Target

Otis Worldwide (OTIS) has an average rating of overweight and mean price target of $93.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

Rothschild & Co Redburn Adjusts Price Target on Otis Worldwide to $101 From $112, Maintains Buy Rating

Otis Worldwide (OTIS) has an average rating of overweight and mean price target of $93.54, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $78.45, Change: $+0.50, Percent Change: +0.64%

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Research

Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.

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Wire

Morgan Stanley Adjusts Price Target on Otis Worldwide to $88 From $96, Maintains Equalweight Rating

Otis Worldwide (OTIS) has an average rating of overweight and mean price target of $94.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $78.67, Change: $-0.82, Percent Change: -1.03%

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Research

Research Alert: Otis: Mixed Q1 Results Buoyed By Services

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:OTIS posted Q1 operating EPS of $0.89, missing consensus by $0.01, with net sales rising 6% to $3.566B (+1% organic). Service sales grew 11% to $2.4B (+5% organic), led by repair services expanding 16%, while New Equipment declined 1% to $1.1B (-5% organic), pressured by 20%+ China weakness. We believe the market shift toward optimizing current assets over new equipment installation supports OTIS's service-driven model, with modernization backlog expanding 32% and providing future revenue visibility. Management indicated efforts to reverse margin compression, though recovery may take time, in our view. Service margins contracted 160 bps to 23% due to higher labor costs and growth investments, while New Equipment margins compressed 240 bps to 3.3% from volume declines and pricing deflation. We expect the Service segment's resilient fundamentals and growing backlog to support future performance despite near-term margin headwinds.

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Research

Evercore ISI Initiates Otis Worldwide at Outperform With $100 Price Target

Otis Worldwide (OTIS) has an average rating of overweight and mean price target of $99.31, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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