Otis falls after Wolfe Research cuts to 'underperform'

Otis Worldwide

12/12/2024 17:01

** Elevator maker Otis'  OTIS.N  shares fall 1% to $98
    ** Wolfe Research downgrades OTIS' rating to "underperform"
from "peer perform"
    ** "We see a tough set-up for OTIS management to navigate in
2025" - brokerage
    ** Says challenges in China will continue, with price
pressure a new risk to China margin 
    ** Up to last close, stock up 10.64% YTD

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com))