ALS Ltd. initiated with a Sector Perform at RBC Capital

RBC Capital initiated coverage of ALS Ltd. (CPBLF) with a Sector Perform rating and A$16.75 price target The firm believes regulation – a key driver for Testing, Certification and Inspection companies – is at risk of loosening, particularly in the U.S. under the new Administration, and that exploration expenditure remains “benign” despite “buoyant” gold and copper prices, citing valuation for its neutral stance on shares.