0741 GMT - Bayer's U.S. legal battles remain the main source of uncertainty looming over its shares, which could take a hit if the company's litigation strategy doesn't go to plan, Jefferies analysts say in a research note. The German agricultural-and-pharmaceutical conglomerate has captured a substantial majority of its litigation risk with an 11.8 billion-euro provision structure, according to Jefferies. That said, an adverse litigation outcome could prompt generalist investors to pivot out of Bayer, the analysts say. "Bayer may become significantly more investable, but this is not a given." Jefferies raises its target price on Bayer stock to 40 euros from 25 euros. Shares fall 0.8% to 37.55 euros. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
May 29, 2026 03:42 ET (07:42 GMT)
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