A recent bearish report from UBS saw IAG fall another 3.6% yesterday taking it to fresh 9-year lows in the process, not a good performance considering how strong equities have been over the last decade. Probably a bit late in our opinion to call IAG as “sell”, its already fallen well over 20% in just the last 3-weeks, MM is in no hurry to buy the stock yet with a $3 handle feeling likely in the coming months but we do feel its probably now closer to a buy than a sell – remember 2021 has been the “buy the dip and sell the pop year”.
MM is now neutral IAG
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