0124 GMT - The market was largely expecting ALS's strong FY26 result, RBC Capital Markets says. "A cautious and careful outlook" from the professional technical services company is also unsurprising given the uncertain macroeconomic backdrop, says RBC. That conservatism means there could be upside to ALS's guidance, however, "should a more positive macroeconomic environment ensue," the broker says. RBC has a sector perform rating and A$22.50 target on ALS. Shares are up 0.8% at A$22.37. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

May 17, 2026 21:24 ET (01:24 GMT)

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