Otis Worldwide Corporation (OTIS) has disclosed a new risk, in the Employment / Personnel category.
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Otis Worldwide Corporation faces significant challenges in attracting, developing, and retaining key personnel, which are crucial for achieving its operational and strategic objectives. The company relies heavily on the expertise and institutional knowledge of its leadership team, engineers, and field professionals. In a fiercely competitive labor market, Otis competes with other firms to secure skilled individuals, risking potential losses of key staff or incurring higher labor costs. Such challenges could materially impact Otis’s financial performance and operational stability.
Overall, Wall Street has a Hold consensus rating on OTIS stock based on 1 Buy, 2 Sells and 4 Holds.
To learn more about Otis Worldwide Corporation’s risk factors, click here.