** Macquarie cuts technical services provider ALS Ltd's

price target and earnings estimate on weak HY forecast

** Macquarie cuts ALS's PT by 7% to A$15, reduces FY25-27 EPS estimate by 9%, 7%, and 7%, respectively

** However, ALS shares were up 1.9% at A$13.92

** Shares fell 8.6% on Thursday, marking their worst day in more than 4 years as it expected a 5% reduction in its HY underlying net profit after tax (NPAT)

** Macquarie analysts expect ALS's exploration cycle to show recovery in CY25 after 2 down years, supported by U.S. gold price, copper price and gradually improving economic activity

** Analysts at Morningstar cut FY25 NPAT forecast by 5% to A$295 mln, but saw limited longer-term implications despite the guidance downgrade

** ALS stock up 8.3% YTD

(Reporting by Ayushman Ojha in Bengaluru)

((Ayushman.ojha@thomsonreuters.com;))