30 September 2009 13:01 [Source: ICIS news]
LONDON (ICIS news)--Bayer’s share price dropped more than 2% on Wednesday after broker UBS downgraded the ?xml:namespace>
“We think further earnings upgrades/re-rating could resume in 2010”, it said in an analysts note.
The UBS price target of €52 for Bayer remained unchanged.
Bayer's shares were trading at €47.72 on the Xetra stock exchange at 12.45 local time, down 2.29% on the last close with the Stoxx 50 index virtually unchanged.
($1 = €0.69)
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