Wells Fargo Cuts Price Targets on Otis and Lennox Shares
Wells Fargo lowered its Otis Worldwide price target to $75 from $77 and Lennox's to $355 from $424, keeping Lennox at Equal-Weight.
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what happened
Wells Fargo analysts lowered their price target on Otis Worldwide shares to $75 from $77, according to Dow Jones Newswires, which cited ratings data from Benzinga.
For Lennox, the bank cut its price target to $355 from $424 and left its Equal-Weight rating unchanged.
why it matters
Routine target revisions like these reflect one brokerage's updated view and usually carry limited weight for the broader market. They do not by themselves signal new earnings or company-specific events, so investors typically treat them as one input among many.
tags
instruments
sources
- Otis Worldwide Price Target Cut to $75.00/Share From $77.00 by Wells Fargo — Dow Jones Newswires, 29 October 2026 at 14:23 UTC
- Lennox Price Target Cut to $355.00/Share From $424.00 by Wells Fargo — Dow Jones Newswires, 29 October 2026 at 14:22 UTC
- CH Robinson Worldwide Price Target Cut to $200.00/Share From $215.00 by Wells Fargo — Dow Jones Newswires, 29 October 2026 at 14:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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