Jefferies upgraded ALS Ltd. to Buy from Hold with a price target of A$13.20, up from A$12.80. While first half results were “unsurprisingly strong,” the fiscal year guidance also “well exceeded” the firm’s expectations and exploration activity is at or around a trough, so “an inflection is only a matter of when, not if,” the analyst tells investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>