$CIPLA share price in focus: Citi turns bullish with 90-day catalyst watch, sees upside from US triggers and India recovery

Citi has reiterated its positive stance on Cipla, placing the stock on a 90-day Positive Catalyst Watch while maintaining its ‘Buy’ rating and target price of Rs 1,700. The brokerage expects a series of near-term triggers, including key product approvals in the US, progress on regulatory clearances, and a steady recovery in the domestic business, to drive earnings momentum.