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Wells Fargo upgrades Otis Worldwide to Equal Weight, raises price target to $88
The Fly

Wells Fargo upgrades Otis Worldwide to Equal Weight, raises price target to $88

As previously reported, Wells Fargo analyst Joseph O’Dea upgraded Otis Worldwide to Equal Weight from Underweight with a price target of $88, up from $75. The firm believes the stock looks "increasingly attractive" for its unique defensive characteristics through the sizable Service profit stream. Nonetheless, Wells thinks shares are also expensive, hence the Equal Weight rating.

Published first on TheFly

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