Bayer AG
BAYN: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| &^k | LOCK|qWt | LOCK|@<n |
Bayer: Litigation Headline Risk (Again); Fair Value Unchanged
Bayer’s ongoing litigation woes reared their head again as a Washington court said it would review a previous ruling in May that was favorable for Bayer. Although prolonging this case, which focuses on polychlorinated biphenyls, is negative for sentiment, it does not change our outlook on the company. We maintain our fair value estimate of EUR 68/$18.50 (local/ADR) and continue to view Bayer as undervalued.
