Vertical Research Downgrades Otis Worldwide to Hold
Portfolio Pulse from Benzinga Newsdesk
Vertical Research analyst Jeffrey Sprague has downgraded Otis Worldwide (NYSE:OTIS) from Buy to Hold, indicating a change in the firm's outlook on the company's stock.

January 02, 2024 | 1:54 pm
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NEUTRAL IMPACT
Otis Worldwide has been downgraded by Vertical Research from Buy to Hold, which may lead to a neutral or slightly negative investor sentiment in the short term.
Downgrades by analysts can lead to a neutral or negative short-term impact on a stock as they may reflect a less optimistic outlook on the company's future performance. However, the change from Buy to Hold suggests a more neutral stance rather than a strong negative sentiment, which is why the score is set to 0.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100