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Posted by
Two Blokes Jul 10 -
Filed in
Stock
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7 views
I reiterate a Sell rating on Otis Worldwide Corporation, with a fair value of $82 per share, due to a persistently weak growth outlook. Otis faces ongoing headwinds from sluggish China real estate and global housing markets, resulting in declining new equipment sales. Management's optimism on China's recovery appears premature, especially amid continued property price declines and U.S.-China tariff uncertainties.
