** Elevator maker Otis' shares fall 1% to $98
** Wolfe Research downgrades OTIS' rating to "underperform" from "peer perform"
** "We see a tough set-up for OTIS management to navigate in 2025" - brokerage
** Says challenges in China will continue, with price pressure a new risk to China margin
** Up to last close, stock up 10.64% YTD
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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