Morgan Stanley analyst Joshua Pokrzywinski initiated coverage of Otis Worldwide with an Equal Weight rating and $84 price target. The company’s backlog and price capture support equipment activity, and its service portfolio should also start to benefit from improved equipment market share, Pokrzywinski tells investors in a research note. However, the anlayst sees a "richer list of options in industrials entering 2023."
Published first on TheFly
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