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Otis pitches itself as a defensive growth stock amid market volatility
Otis shares have fallen as investors weigh setbacks in its elevator service business while capital rotates toward the AI trade.
Otis is positioning itself as a more defensive, long term growth option as investors navigate a volatile market, CNBC Markets reports.
The elevator company’s effort hinges on overcoming recent concerns tied to its elevator service business, where setbacks have weighed on sentiment.
CNBC Markets also notes that Otis is facing headwinds as investors increasingly chase other themes, including the AI trade, leaving less demand for the stock in the near term.
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