Otis Worldwide: Downgrade To Hold Due To Weak New Equipment Demand

I downgrade Otis Worldwide Corporation to hold, as New Equipment recovery failed to materialize and risk-reward has shifted. Service segment remains robust, with modernization orders up 43% y/y and backlog rising 30%, providing downside protection via recurring cash flow. NE segment weakness persists, notably in China (sales down >20% y/y) and Americas, undermining growth and raising structural concerns....

Seeking Alpha - 2/4/2026 5:19:04 PM More News for OTIS
Stock Analysis for OTIS
Related Stocks: