Otis Worldwide Corporation is a global leader in elevator, escalator, and moving walkway manufacturing, with a market cap of $34 billion. Despite slipping 18.6% from its 52-week high, the company saw a 1.5% surge in its stock over the past three months. However, it fell 6.1% on a YTD basis and 14% over the past year. On Oct. 29, Otis shares climbed 2.3% after delivering Q3 results with net sales rising 4% year over year. Schindler Holding AG has outperformed Otis in the competitive arena of specialty industrial machinery. Wall Street analysts have a consensus “Hold” rating on OTIS stock with a mean price target of $102.37, indicating a potential upside of 17.7% from current levels.

Read more at Barchart: Is OTIS Outperforming the Industrial Sector?