Bayer Stock Slumps on Outlook Cut
Portfolio Pulse from
Bayer's stock is experiencing a significant decline, dropping 11% in German trading, following the company's announcement of a reduced full-year earnings target. The conglomerate also warned of potential lower profits next year due to challenges in the agricultural market.
November 12, 2024 | 1:00 pm
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Bayer's stock is down 11% after the company cut its full-year earnings target and warned of lower profits next year due to a challenging agricultural market.
Bayer's announcement of a reduced earnings target and potential lower profits next year is a significant negative development, leading to an 11% drop in its stock price. The tough agricultural market conditions are a key factor in this outlook, impacting investor sentiment negatively.
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