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Against a backdrop of market volatility and a capital environment that has rewarded technology names above nearly everything else, Otis faces a credibility test.
The elevator giant has positioned itself as both a long-term growth stock and a defensive play in uncertain markets.
Shares have moved the other way: setbacks in its elevator service business have weighed on the stock, and investors chasing the AI trade have found easier arguments elsewhere.
The case Otis is making The company's pitch rests on the service side of the elevator business, a model built on recurring maintenance contracts and the reality that installed equipment needs to be kept running.
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