Otis Worldwide price target raised to $100 from $96 at RBC Capital

RBC Capital analyst Nick Housden raised the firm’s price target on Otis Worldwide to $100 from $96 and keeps an Outperform rating on the shares. The company’s Q2 results were “very impressive” across the board, while the newly introduced UpLift programme shows that the management is intent on driving further efficiency gains from a position of strength, the analyst tells investors in a research note.