Our Algo Engine generated a buy signal in IAG last Thursday.
With the stock trading down to $7.00, a 1-year low for the share price, we now expect buying support to build.
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Internal momentum indicators suggest a rebound into the $8.00 range is likely over the medium-term.
Added price support is likely from capital management post-Asian asset sales.
We estimate up to $600 million made up of $300 million in special dividend and $300 millon in share buybacks.
