JP Morgan Maintains Neutral on Otis Worldwide, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Stephen Tusa maintains a Neutral rating on Otis Worldwide (OTIS) and raises the price target from $104 to $105.

April 25, 2024 | 4:27 pm
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NEUTRAL IMPACT
JP Morgan analyst Stephen Tusa maintains a Neutral rating on Otis Worldwide and raises the price target from $104 to $105.
The adjustment in price target by a renowned analyst like Stephen Tusa, even by a small margin, can signal a positive reassessment of the company's valuation, albeit without changing the overall neutral stance. This could lead to a slight positive sentiment among investors, but since the rating remains Neutral, the impact is likely to be moderate. The confidence in this analysis is high due to the direct mention and specific action taken by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100