CNBC·4 min read·medium
Elevator giant Otis is trying to win back Wall Street
R
Ryan Baker
✦AI Summary
Elevator manufacturer Otis is working to regain investor confidence after its stock underperformed due to service-related setbacks and a market shift toward AI-focused investments. The company relies heavily on long-term maintenance and modernization contracts for the majority of its profits.
Inside a 28-story testing tower erected in the middle of the suburban town of Bristol, Connecticut, Otis engineers run elevator parts through dust chambers, humidity cells and saltwater fog machines.
businesstechnology
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in