In the good books
1. ALS (ALQ) was upgraded to Outperform from Neutral by Credit Suisse
Credit Suisse upgrades to Outperform from Neutral on the back of an expected recovery in geochemistry. July marked the highest exploration activity for six months. The total number of exploration projects was up 36% on June. Compositionally, gold and other exploration projects were up 46% and 18%, respectively. Credit Suisse expects this will deliver a re-rating of ALS shares, and the target is raised to $8.40 from $7.40. The company has also acquired Laboratorios de Control ARJ, a pharmaceutical testing company based in Mexico.