Icade (3IC.SG)

Icade stock rises on Citi upgrade

Shares of Icade (EPA:ICAD) rose on Monday after Citi Research in a note dated Monday upgraded the stock to “buy” from “sell.” At 6:10 am (1010 GMT), Icade was trading 3.8% higher at €26.40. Citi’s optimistic outlook on Icade is driven by a combination of strong dividend potential, improving balance sheet, and the expectation of a positive cyclical growth phase in the real estate sector, beginning in 2026.