Otis Worldwide (OTIS) Tops Q2 EPS by 12c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus
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Otis Worldwide Corp (OTIS) PT Raised to $70 at Cowen
July 29, 2020 7:56 AM EDTCowen 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
Schindler to cut 2,000 jobs as Chinese recovery offset by global slump
July 24, 2020 1:16 AM EDTBy John Miller
ZURICH (Reuters) - Schindler (NYSE: SCHP) said on Friday it will cut 2,000 jobs over two years as regions outside China reel from COVID-19 even as the Swiss elevator maker bulks up in the world's biggest lift market, which has recovered quickly from lockdowns.
Schindler announced the cuts as it reported a 21% fall in second-quarter net profit to 188 million Swiss francs ($203.27 million).
Revenue dropped 11.8% to 2.5 billion francs, while orders... More
