Itochu: Recent Developments Are Favorable (Rating Upgrade)
Itochu(ITOCY) Seeking Alpha·2024-06-21 01:30
manassanant pamai Elevator Pitch ITOCHU Corporation (OTCPK:ITOCF) (OTCPK:ITOCY) [8001:JP] is rated as a Buy. My earlier January 3, 2024 initiation article touched on Itochu's capital allocation approach. This update draws attention to ITOCF's recent corporate developments relating to a potential stock split and the latest acquisition of licensing rights for an apparel brand. A potential stock split will likely enlarge and broaden Itochu's investor base. On the other hand, securing the licensing rights for t ...