QBE is a company with a very chequered past having peaked above $35 back in 2007 but it’s also a business that should benefit from rising yields. We like the risk / reward for QBE which still remains well below its 2020 high, and another 10% upside into Christmas feels likely, hopefully our position in Insurance Australia Group (IAG) follows suit!
MM is bullish QBE initially targeting the $13 area
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