02:15 AM EDT, 10/31/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our target to $105 from $95, valuing shares at 23.5x our 2026 EPS outlook of $4.49 (up from $4.43; 2025 EPS adjusted to $4.07 from $4.04). OTIS delivered solid Q3 results with net sales rising 4% Y/Y to $3.7B (2% organically) and EPS of $1.05 beating consensus by $0.05, supported by operational execution, lower taxes, and favorable FX. OTIS's service-driven model proved resilient, with Service segment (66% of sales) growing 6% organically and operating margin expanding 70 bps to 25.5%, more than offsetting Equipment headwinds. Modernization services emerged as a key growth driver with 27% order growth and 22% backlog increase, while the maintenance portfolio grew 4% to approximately 2.4M customer units. OTIS raised its 2025 EPS guidance midpoint to $4.04-$4.08, representing 5%-7% growth despite mixed market conditions. We see the guidance lift reflecting strength in OTIS's Service flywheel and improving visibility in modernization orders, which we believe positions OTIS well for sustained growth.