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Otis Worldwide upgraded to Equal Weight at Wells Fargo Securities

May 01, 2023 8:37 AM ETOtis Worldwide Corporation (OTIS)By: Rob Williams NY, SA News Editor1 Comment
Caucasian senior businessman pressing the elevator button and waiting

AzmanJaka/E+ via Getty Images

Otis Worldwide (NYSE:OTIS) on Monday was upgraded to Equal Weight from a previous investment rating of Underweight by analysts at Wells Fargo Securities. They said the maker of elevators and escalators has revenue sources that aren’t tied to economic cycles, such

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“Wells Fargo raised its price target for Otis (OTIS) to $88 a share from $75 a share…”. It’s > $86 today!

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