Here's Why Investors Must Retain Otis Worldwide Stock for Now

Otis Worldwide Corporation (OTIS) is benefiting from its innovation investments, which are directly fostering the demand for its services globally, thus boosting its backlog. Furthermore, its strategic approach toward allocating its capital for rewarding shareholders, along with restructuring initiatives, are other noteworthy aspects.Shares of this elevator and escalator manufacturing, installation and service company have lost 8.2% in the past month compared with the Zacks Building Products - Miscellaneous ...