ALS Ltd. upgraded to Buy from Hold at Jefferies

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.