Archive · 5 Oct 2026
Citi Turns Bullish on ITC After Shares Fall 34%
ITC shares went up after Citi became more positive about the company’s stock.
Citi thinks the period of lowering expectations for ITC’s earnings is mostly over.
It also said the shares’ price now offers a better balance between possible gains and risks.
The stock has fallen 34% so far this year.
Citi believes that drop already reflects concerns about a possible cigarette tax increase.
The article does not say whether such a tax increase will happen.
ITC shares rose after Citi turned bullish on the stock.
Citi said ITC's earnings downgrade cycle is largely over.
The brokerage said the stock's valuation offers an improving risk-reward profile.
ITC shares have fallen 34% year to date.
Citi said that decline has priced in risks of a potential cigarette tax hike.
- Who
- ITC and Citi.
- What
- Citi turned bullish on ITC after its shares fell 34% year to date.
- When
- After ITC's 34% year-to-date decline; the article does not specify a date.
- Why
- Citi said the earnings downgrade cycle is largely over and that the share-price fall has priced in risks around a potential cigarette tax hike.
- Brokerage
- Citi
- Company
- ITC
- Share-price change
- Down 34% year to date
- Citi's earnings view
- The earnings downgrade cycle is largely over
- Valuation view
- Improving risk-reward profile
- Risk cited
- A potential cigarette tax hike