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. CNBC's Ryan Baker has the details. Find the full report: cnb.cx/45kWZl9
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.
CNBC's Ryan Baker has the details.
Find the full report: cnb.cx/45kWZl9
Related hub: Otis intelligence hub
Original source: https://www.linkedin.com/posts/cnbc_elevator-giant-otis-wants-to-be-a-defensive-ugcPost-7502651912245190656-S_U_