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Investing.com - ALS Ltd . (ASX:ALQ) (OTC:CPBLF) received a Buy rating initiation from Citi on Thursday, with a price target of AUD19.45.
The testing services company is positioned as a market leader in analytical testing services with strong growth potential, according to Citi’s research note.
Citi’s positive outlook for ALS is based on three key factors: the company’s global footprint with operational flexibility, its diversification strategy that enhances business resilience, and increasing regulatory requirements driving higher demand for testing services.
The research firm conducted a detailed analysis of ALS’s hub and spoke business model, premium pricing for High-Performance Methods, and total addressable market growth across Life Sciences sub-segments.
Based on this analysis, Citi believes ALS could exceed its fiscal year 2027 targets, supporting the bullish stance on the stock.
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