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Bayer (0P6S) Receives a Hold from Deutsche Bank

Tipranks - Tipranks - Sat Mar 7, 12:54AM CST

In a report released yesterday, Falko Friedrichs from Deutsche Bank maintained a Hold rating on Bayer, with a price target of €23.00. The company’s shares closed yesterday at €37.78.

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Friedrichs covers the Healthcare sector, focusing on stocks such as Fresenius Medical Care AG & Co. KGaA, Fresenius SE & Co. KGaA, and SCHOTT Pharma AG & Co. KGaA. According to TipRanks, Friedrichs has an average return of -2.9% and a 39.62% success rate on recommended stocks.

In addition to Deutsche Bank , Bayer also received a Hold from Berenberg Bank’s Sebastian Bray in a report issued yesterday. However, on March 4, J.P. Morgan maintained a Buy rating on Bayer (LSE: 0P6S).

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Based on Bayer’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €9.66 billion and a GAAP net loss of €963 million. In comparison, last year the company earned a revenue of €9.97 billion and had a GAAP net loss of €4.18 billion

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