FRANKFURT (dpa-AFX Broker) - Deutsche Bank Research has rated Bayer as a "Hold" with a target price of 29 euros after the quarterly figures. The sales of the pharmaceutical and agrochemical company slightly missed consensus estimates, whereas the adjusted operating result (EBITDA) and even more the adjusted earnings per share exceeded them, analyst Falko Friedrichs wrote in a study published on Tuesday. Bayer has confirmed its annual targets on a constant currency basis. However, the headwind from exchange rate effects has increased since the outlook was first announced in March, which is why the corresponding outlook has been reduced. The consensus forecasts are therefore likely to fall./gl/mis

Publication of the original study: 14.05.2024 / time not specified in study / GMT First dissemination of the original study: 14.05.2024 / 06:58 / GMT

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

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

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