IAG caught my attention yesterday as it again knocks on the door of new 12-month highs, the insurer has tested our faith over recent weeks but we still see the stock trading above $6 this year or 10-15% higher even though many see fair value closer to $5.50 – considering the stocks poor performance over the last few years it could even enjoy a classic bargain hunting bid tone into Christmas.
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Buy Hold Sell: The best and worst performers of FY25
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Thursday 3rd July – ASX -42pts, PME, NWH, GLF
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Thursday 3rd July – Dow -10pts, SPI off -11pts
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MM likes IAG targeting a break of recent highs
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