Elevator Giant Otis Aims for Defensive Play Amid Market Volatility

Elevator giant Otis is positioning itself as a long-term growth stock in a volatile market, but faces challenges from setbacks in its service business and investors' focus on AI-related trades.

8 Aug, 12:00 — 8 Aug, 12:00

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cnbcMostly Factual2h ago

Elevator giant Otis wants to be a defensive play in an volatile market. It has to prove itself first

Otis positions itself as a long-term growth stock, but shares are down due to setbacks in its elevator service business and investors chasing the AI trade.

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Elevator Giant Otis Aims for Defensive Play Amid Market Volatility

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Elevator giant Otis wants to be a defensive play in an volatile market. It has to prove itself first

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