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

Otis, the elevator company spun off from United Technologies in 2020, has experienced share price declines attributed to service business challenges and investor capital flows toward artificial intelligence stocks. The company has not disclosed specific financial targets or proof points for sustained growth. Analysts and investors will assess Otis's quarterly earnings and service contract renewals as indicators of business performance.

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