Deutsche Bank Initiates Coverage of Otis Worldwide with Hold Rating and $109 Price Target

Deutsche Bank initiated coverage of Otis Worldwide (OTIS) with a Hold rating and $109 price target. The firm expects "average" organic revenue and earnings growth, and sees "modest" upside to consensus forecasts but believes it's not strong enough to push the target price significantly above the current share price.

Deutsche Bank has initiated coverage of Otis Worldwide (OTIS) with a Hold rating and a price target of $109. The firm expects "average" organic revenue and earnings growth, and sees "modest" upside to consensus forecasts. However, Deutsche Bank believes the potential upside is not strong enough to significantly push the target price above the current share price [3].

Otis Worldwide is a leading elevator and escalator manufacturing company. Recently, Morgan Stanley raised its price target for OTIS from $97.00 to $105.00, indicating an 8.25% increase [1]. This revision reflects a more optimistic outlook for the company's financial performance. The stock continues to hold an "Equal-Weight" rating, indicating that the analyst expects OTIS to perform in line with the broader market [1].

According to Deutsche Bank's analysis, the average one-year price target for OTIS, based on the consensus of 11 analysts, is $99.91, with a high estimate of $108.00 and a low estimate of $90.00 [1]. The consensus recommendation from 15 brokerage firms is currently 2.9, indicating a "Hold" status [1]. GuruFocus estimates the GF Value for OTIS in one year to be $99.50, suggesting a downside of 0.43% from the current price [1].

In other news, Deutsche Bank led a $747 million loan to fund the first section of the Lagos-Calabar Coastal Highway, a flagship project under the Federal Government’s Renewed Hope Infrastructure Development Agenda [2]. This deal marks the largest syndicated loan ever arranged for a road project in Nigeria and reflects the success of ongoing economic reforms.

References:
[1] https://www.gurufocus.com/news/2964324/otis-worldwide-otis-morgan-stanley-raises-price-target-otis-stock-news
[2] https://thenationonlineng.net/deutsche-bank-leads-747m-loan-to-boost-lagos-calabar-coastal-highway/
[3] https://www.marketbeat.com/instant-alerts/otis-worldwide-nyseotis-stock-price-expected-to-rise-morgan-stanley-analyst-says-2025-07-08/