Bayer AG - ADR (BAYRY)
by Zacks Equity ResearchNovember 05, 2012 | Comments : 1 Recommended this article: (0)
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Bayer continues to expect 2012 earnings to increase by 10% year over year. We are impressed by Bayer's efforts to develop its pipeline. We are positive on Bayer's decision to buy nutritional supplement company Schiff Nutrition International.
Moreover, the decision of Bayer's HealthCare unit to buy Teva's animal health business in the U.S. is also a positive move. In view of these positives, we retain our Outperform recommendation on the stock.
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