1428 GMT - The latest developments in Bayer's litigation saga over its Roundup weedkiller support a potential resolution, analysts at UBS say in a research note. The German agricultural and pharmaceutical group has received preliminary approval for its proposed settlement, which is positive, UBS says. An agreement would remove potential risk for the shares and provide closure on the litigation, the analysts say. Some investors are worried about a motion filed in a Missouri court, but even in a worst-case scenario Bayer's shares can't fall much more from current levels, the analysts say. UBS raises its recommendation on Bayer to buy from neutral, lifting its target price to 52 euros from 48 euros. Shares rise 3.9% to 40.15 euros. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
March 16, 2026 10:28 ET (14:28 GMT)
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