Joel Spungin analyst at Berenberg Bank reiterates coverage on Otis Worldwide (OTIS) in the Industrial Goods sector with a Buy rating. TipRanks.com has Spungin rated as a 3.6 star analyst with a 53% return on investment and a 5% success rate. Spungin has set a price target of $ 80.
TipRanks.com reports that Otis Worldwide currently has 7 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $84.14. The target pricing ranges from a high forecast of $98.00 down to a low forecast of $73.00. Otis Worldwide (OTIS)’s last closing price was $68.76 which would put the average price target at 22.37% upside.
In addition, TradingView issued a Sell rating for OTIS over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Neutral short-term outlook. Remember, securities are volatile, so please do your own research on OTIS.
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This article was pulled from the authority in health stocks, industrialstockmovers.com. While we integrate our news with IndustrialStockMovers.com, if you are interested in the healthtech sector, please visit IndustrialStockMovers.com.
One resource you need to consider using Tipranks.com where as a premium member you get access to all buy ratings, price targets and insider trading signals. Click here for more on Tipranks.com. Another great tool for charting is TradingView.com, so you might want to check that out too.
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