Morgan Stanley Keeps Their Hold Rating on Otis Worldwide (OTIS)

In a report released today, Joshua Pokrzywinski from Morgan Stanley maintained a Hold rating on Otis Worldwide (OTISResearch Report), with a price target of $89.00. The company’s shares opened today at $85.43.

Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Lennox International, Dover, and Fastenal Company. According to TipRanks, Pokrzywinski has an average return of 7.2% and a 58.26% success rate on recommended stocks.

Otis Worldwide has an analyst consensus of Hold, with a price target consensus of $86.40, which is a 1.14% upside from current levels. In a report released yesterday, Barclays also maintained a Hold rating on the stock with a $81.00 price target.

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OTIS market cap is currently $34.26B and has a P/E ratio of 28.54.

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Otis Worldwide Corporation engages in designing, manufacturing, selling and installations of passenger and freight elevators, escalators and moving walkways for infrastructure projects, and residential and commercial buildings. It also provides maintenance and repair services, as well as modernization services for elevators and escalators.

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