Otis has been selected once again to provide advanced modernization and vertical transportation solutions for Tianjin 117 Tower, a nearly 600-meter supertall landmark. It is the tallest building currently under construction in China and when complete, it will be China's third-tallest building, and host China's highest occupied floor at more than 584 meters1. Otis will provide 251 elevators and escalators across the tower, helping raise China's urban skyline to new heights. Otis (NYSE: OTIS) is t

While Otis Worldwide has underperformed the broader market over the past year, Wall Street analysts are moderately optimistic about the stock’s prospects.

Elevator giant Otis makes most of its profits from servicing elevators, not building new ones. The business hinges on long-term stability, but its stock has fallen over the past year due to setbacks in its service business and investors chasing the AI trade. Watch the video to learn more about how the company is trying to win back Wall Street.