StreetInsider.com News Articles

Otis Brazil Completes Elevator Modernization at Christ the Redeemer; Begins Installing New Escalators, Inclined Elevators to Improve Accessibility to Monument

Thu, 02 Jul 2026 08:00:00 -0400

22 years after installation, the Otis elevators and escalators at the monument are being upgraded to enhance performance and accessibility for all visitors, particularly people with limited mobility.

RIO DE JANEIRO, July 2, 2026 /PRNewswire/ -- Otis Brazil, part of Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation, service and modernization company, has completed comprehensive technical upgrades to the three elevators that connect visitors who access Alto Corcovado through the Corcovado Train to see Christ the Redeemer, a monument located in the

Otis Brazil Completes Elevator Modernization at Christ the Redeemer; Begins Installing New Escalators, Inclined Elevators to Improve Accessibility to Monument

Thu, 02 Jul 2026 08:00:00 -0400

Otis Brazil Completes Elevator Modernization at Christ the Redeemer; Begins Installing New Escalators, Inclined Elevators to Improve Accessibility to Monument

Thu, 02 Jul 2026 08:00:00 -0400

Otis Brazil Completes Elevator Modernization at Christ the Redeemer; Begins Installing New Escalators, Inclined Elevators to Improve Accessibility to Monument

Thu, 02 Jul 2026 08:00:00 -0400

Otis Second Quarter 2026 Earnings Advisory

Wed, 01 Jul 2026 07:00:00 -0400

FARMINGTON, Conn., July 1, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, July 22, 2026, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's second quarter results and 2026 outlook.

Otis Second Quarter 2026 Earnings Advisory

Wed, 01 Jul 2026 07:00:00 -0400

Otis Second Quarter 2026 Earnings Advisory

Wed, 01 Jul 2026 07:00:00 -0400

Otis Second Quarter 2026 Earnings Advisory

Wed, 01 Jul 2026 07:00:00 -0400

Otis launches Gen3 elevator modernization line across EMEA

Tue, 30 Jun 2026 07:01:11 -0400

Otis Worldwide Corporation (NYSE: OTIS) announced the introduction of its Gen3 MOD elevator modernization solutions in Europe, the Middle East, and Africa, expanding availability of a product line already offered in the U.S., Canada, and Asia.

The solutions are designed to upgrade existing elevator systems to the Gen3 platform, which includes IoT-enabled monitoring, energy recovery technology, and coated steel belt options. The product line supports both existing belt-driven systems and conversions from traditional rope-based systems to Otis' patented coated steel belt technology.

According to the European Lift Association, more than six million elevators are in use across Europe, with more than half

Otis introduces Gen3™ elevator modernisation solutions in EMEA

Tue, 30 Jun 2026 07:00:00 -0400

Enables building owners to improve the safety and reliability of their elevators and provide better passenger experience.
Suitable for elevators already equipped with belts; and offers options to transition rope-based systems to coated steel belt-based systems.

GENEVA, June 30, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the global leader in the manufacture, installation, service and modernisation of elevators and escalators, today announced the introduction of Otis Gen3 MOD solutions in Europe, the Middle East and

Otis introduces Gen3™ elevator modernisation solutions in EMEA

Tue, 30 Jun 2026 07:00:00 -0400

Enables building owners to improve the safety and reliability of their elevators and provide better passenger experience.
Suitable for elevators already equipped with belts; and offers options to transition rope-based systems to coated steel belt-based systems.

Otis introduces Gen3™ elevator modernisation solutions in EMEA

Tue, 30 Jun 2026 07:00:00 -0400

Enables building owners to improve the safety and reliability of their elevators and provide better passenger experience.
Suitable for elevators already equipped with belts; and offers options to transition rope-based systems to coated steel belt-based systems.

Otis introduces Gen3™ elevator modernisation solutions in EMEA

Tue, 30 Jun 2026 07:00:00 -0400

Enables building owners to improve the safety and reliability of their elevators and provide better passenger experience.
Suitable for elevators already equipped with belts; and offers options to transition rope-based systems to coated steel belt-based systems.

Bernstein SocGen on Otis Worldwide Corp (OTIS): 'Cautious optimism is the name of the game'

Tue, 16 Jun 2026 09:37:27 -0400

Bernstein SocGen Group analyst Varun Govindaraj reiterated an Outperform rating and $97.00 price target on Otis Worldwide Corp (NYSE: OTIS).

The analyst commented: "Management webinar debrief. Do we see light at the end of the tunnel? Cautious optimism is the name of the game.

The big question investors had was whether management would cut the 2026 guide in 2Q. We walked away from this conversation leaning more positive on top line growth (management mentioned they do not expect to see surprises here vs. what they spoke about last quarter) so we don’t anticipate there will be a miss. We have less certainty

Bernstein SocGen on Otis Worldwide Corp (OTIS): 'The risk-reward to the stock skews positive'

Fri, 12 Jun 2026 09:29:45 -0400

Bernstein SocGen Group analyst Varun Govindaraj reiterated an Outperform rating and $97.00 price target on Otis Worldwide Corp (NYSE: OTIS).

The analyst commented: "Reactions to our launch (many strong opinions) + an upcoming webinar with management to discuss push back; We continue to re-iterate that the risk-reward to the stock skews positive. For the stock to go lower, you need to believe the thesis that there is something structurally wrong with Otis’ underlying business. Our toy DCF shows you need to model sales de-growing at this point to believe there is more downside. The crux of that debate we are seeing

Bernstein SocGen Group Starts Otis Worldwide Corp (OTIS) at Outperform

Tue, 09 Jun 2026 16:27:57 -0400

(Updated - June 9, 2026 4:27 PM EDT)

Bernstein SocGen Group analyst Varun Govindaraj initiates coverage on Otis Worldwide Corp (NYSE: OTIS) with a Outperform rating and a price target of $97.00.

The analyst comments "We believe the market under-appreciates Otis’ growth potential in mods; new product launches and cross-sell initiatives have shown promising results we expect to continue. We model that Otis will return to top-line growth in China by FY27, driven by their shift to a service-first strategy and a bottoming-out of the decline in construction in the region. The risk of ISPs is overblown; Otis does have the largest

Bernstein SocGen Group Starts Otis Worldwide Corp (OTIS) at Outperform

Tue, 09 Jun 2026 16:27:57 -0400

(Updated - June 9, 2026 4:27 PM EDT)

Bernstein SocGen Group analyst Varun Govindaraj initiates coverage on Otis Worldwide Corp (NYSE: OTIS) with a Outperform rating and a price target of $97.00.

Morgan Stanley sees organic growth upside in select industrials

Tue, 09 Jun 2026 07:30:17 -0400

Investing.com -- Morgan Stanley analysts identified several industrial companies positioned for organic growth upside based on their ability to exceed near-term forecasts and deliver earnings revisions.

The firm's stock selection focuses on companies that can deliver next-twelve-month organic upside, which drives both earnings per share revisions and relative valuation. Analysts noted that when out-year organic estimates are revised higher or lower, multiples typically follow the same direction.

Rockwell Automation (NYSE:ROK), Regal Rexnord (NYSE:RRX), Grainger (NYSE:GWW), and Parker-Hannifin (NYSE:PH) screened as most attractive. All four are modeled for deceleration but offer upside opportunity, supported by favorable end markets.