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ALQ - Deutsche Bank rates the stock as Hold
BY BROKER NEWS - 17/07/2017 | VIEW MORE BROKER UPDATES

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ALQ - ALS LIMITED


Deutsche Bank considers the outlook for the sector is mixed, with growth in infrastructure expenditure, declining Australian LNG construction and some signs of recovery in global oil & gas capital expenditure.

The broker assesses these stocks are trading at the upper end of historical ranges and there are minimal buying opportunities.

Deutsche Bank still likes the company's exposure to the recovering minerals exploration market and structural growth in life sciences but believes this is now fully reflected in the share price. Rating is downgraded to Hold from Buy on valuation. Target is $7.41.

Sector: Commercial Services & Supplies.

Target price is $7.41.Current Price is $7.48. Difference: ($0.07) - (brackets indicate current price is over target). If ALQ meets the Deutsche Bank target it will return approximately -1% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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