Argus Research Maintains Buy on Otis Worldwide, Raises Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Argus Research analyst John Eade maintains a Buy rating on Otis Worldwide (OTIS) and raises the price target from $102 to $108.
May 13, 2024 | 3:59 pm
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Argus Research has maintained a Buy rating on Otis Worldwide and increased the price target from $102 to $108, indicating a positive outlook on the company's future performance.
The upgrade in price target by a reputable analyst firm like Argus Research typically signals a strong bullish sentiment on the stock, suggesting that the analyst sees potential for higher future performance based on current company fundamentals or market conditions. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100