In the good books
ALS LIMITED (ALQ) Upgrade to Buy from Hold by Deutsche Bank B/H/S: 3/2/2
Share prices for engineers and contractors in Australia have recovered from last year's lows on the basis that outlooks and market dynamics have improved. Deutsche Bank analysts acknowledge this much, but they still maintain it's better to remain cautious.
The analysts continue to see earnings risks across the sector, highlighting there are significant differences between markets and sub-markets when it comes to assessing this part of the share market.