Updates

** Shares of Australia's ALS Limited ALQ.AX down nearly 1% at A$17.565

** Mineral testing services provider to report FY25 results on May 27

** Jefferies maintains "buy" rating at PT A$18.80

** Brokerage says ALQ's biggest segment, minerals, has become a positive driver after being a drag on the company for most of FY24 and FY25

** Expects signs for medium-term growth in results

** However, Jarden downgrades ALS to "underweight" from "neutral"

** Brokerage anticipates some positive commentary on co's commodities division over strengthening volume growth, but believes its share price reflects potential upsides

** It marginally hikes PT to A$15 from A$14.5 to reflect expected modest EPS uplift by nearly 1% for FY26 and FY27

** Stock up 16.6% YTD, including current session's moves

(Reporting by Roshan Thomas and Nikita Maria Jino in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))