Published On: March 11th, 2024Categories: Trade Ideas
Following our flash report on Bayer AG published the 7th of February 2024, in this update we take a closer look at the recently released Bayer’s FY23 results and the indications given during its March 5 Capital Market Day. Bayer has ruled out any major structural changes, for the time being, focusing instead on addressing internal priorities. Even if after the recent bonds’ spread widening, valuations are more symmetric, we prefer to keep our underweight rating on Bayer.
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