OTIS
Otis Worldwide Corporation
October 5, 2026 · pre-market open
- Rarity
- 1.31
- Peak move
- +3.68%
- Float cap
- $24.9B
Otis is an elevator and escalator manufacturer, installer, servicer, and modernizer. It sells new passenger and freight elevators, escalators, and moving walkways to real estate and building developers, general contractors, and government agencies for residential, commercial, and infrastructure projects. Its Service segment provides maintenance, repair, and modernization to building owners, facility managers, housing associations, and government agencies worldwide.
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What we found
9 events · 0 from SEC or newswire · 0 timed with the moveexecutive_remarkAt Morgan Stanley's 14th Annual Laguna Conference, Otis CEO Judy Marks said China's new-equipment market is in its fifth year of decline but moving toward stability, and that Otis will "inflect positive in the third quarter" on new equipment.
executive_remarkOtis Worldwide CEO Judy Marks, speaking in China, said the company keeps ramping up investment in China, praising its Tianjin facility and China's smart-manufacturing capabilities and market potential.
major_contractOtis was one of three brands to win a package in the ~205 million yuan escalator/elevator tender for Jinan Metro Line 7 phase 1, taking package 2 at 54 million yuan, with the award published on 2026-09-10.
analyst_ratingBernstein restated an Outperform rating on Otis Worldwide with a $90 price target, per analyst coverage recapped in an Oct 1 report.
major_contractOtis Elevator (China) Co. was named first winning candidate for the Qingdao Metro Line 5 escalator/elevator supply-and-install package 1, with a total bid of 170,986,900 yuan, covering 28 stations with 384 escalators, 102 elevators and 8 stairlifts plus 15 years of post-warranty maintenance.
analyst_ratingDeutsche Bank initiated coverage of Otis Worldwide with a Sell recommendation, doubting the company can deliver its projected 12% earnings growth for 2027.
major_contractOtis was awarded the escalator/elevator supply and related services contract for the Jiaxing-Fengnan regional railway at 61,788,000 yuan, covering 95 escalators and 36 elevators, with an award date of 2026-09-21.
major_contractOtis was again selected as sole vertical-transport provider for the 117-storey, nearly 600m Tianjin 117 Tower, supplying, upgrading and maintaining 251 elevators and escalators including SkyRise single/double-deck units, Gen3 elevators and Link/Public escalators.
analyst_ratingWells Fargo began coverage of Otis Worldwide with an Underweight rating and a $77 price target, citing execution and margin risks.