huntly's recommendation, page-3

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ALS - Citi rates the stock as Buy, High Risk
BY BROKER NEWS - 10/12/2009

The company has cut its guidance for FY10 core EPS to between 34c-36c, which is 19% to 24% below consensus forecasts. Citi isn't that worried though, believing the cut is due more to timing issues, rather than any fundamental operating problems.

Still, to bring itself in-line with the new guidance, FY10-11 EPS is cut by 21% and 29%, with the price target falling to $5.22 (from $6.57).

The Buy call is maintained, however, given the broker was always expecting a tough FY10, thinking the stock was and still is an FY11 recovery story. Sector: Capital Goods.

Target price is $5.22.Current Price is $4.75. Difference: $0.47 - (brackets indicate current price is over target). If ALS meets the Citi target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).