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

▶ CNBC Top News Aug 8, 2026 3h ago 👁 2 views
Elevator giant Otis wants to be a defensive play in an volatile market. It has to prove itself first
📋 Article Summary
52 words
Otis positions itself as a long-term growth stock, but shares are down due to setbacks in its elevator service business and investors chasing the AI trade. Otis positions itself as a long-term growth stock, but shares are down due to setbacks in its elevator service business and investors chasing the AI trade.
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