Otis Reports Second Quarter 2020 Results
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Go back to Otis Reports Second Quarter 2020 Results
July 29, 2020 7:56 AM EDT
Cowen analyst Cai Von Rumohr raised the price target on Otis Worldwide Corp (NYSE: OTIS) to $70.00 (from $64.00) while maintaining a Outperform rating.
The analyst commented, "Otis's impressive Q2 beat & raise reflected strong execution & favorable mix; and hiked 2020 may have opportunity. Given the... More
July 28, 2020 6:06 AM EDT
Otis Worldwide (NYSE: OTIS) reported Q2 EPS of $0.56, $0.12 better than the analyst estimate of $0.44. Revenue for the quarter came in at $3.03 billion versus the consensus estimate of $2.94 billion.
"Otis' second quarter results, considering COVID-19 related challenges, demonstrated the resiliency of our business, the strength of our strategy, and our ability to contain costs. We generated robust free... More
