HAMBURG (dpa-AFX Broker) - The private bank Berenberg has lowered its target price for Bayer from 34 to 30 euros and left the rating at "Hold". Expectations for the agrochemical and pharmaceutical company are low and the challenges are known, analyst Sebastian Bray wrote in a study published on Tuesday. Legal disputes, falling prices for agricultural products and the loss of exclusivity for top-selling drugs are the problems. However, the new CEO Bill Anderson has probably at least found a way to deal with the group's bureaucracy, even if the price of the internal restructuring is at least a postponement of a split./bek/mis

Publication of the original study: 11.03.2024 / 22:10 / GMT

First disclosure of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------