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Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Defensives Worthy of a Tactical Overweight As recently as last week (March 30 Int'l Compass) and throughout February/March we have recommended shifting to defensives due to our belief that $93 will cap upside on the MSCI ACWI (ACWI-US) in 2023. MSCI ACWI defensive Sectors including Health Care, Utilities, and Consumer Staples are hitting 2+ month RS highs, and are staging bullish price and RS reversals, as are precious metals miners (GDX-US). This confirms our belief that now is the time to be ...

Moody's announces completion of a periodic review of ratings of Lanxes...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Lanxess AG. Global Credit Research- 17 Oct 2019. Frankfurt am Main, October 17, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Lanxess AG and other ratings that are associated with the same analytical unit.

Moody's: China's rising demand for drugs will fuel foreign pharma comp...

Announcement: Moody's: China's rising demand for drugs will fuel foreign pharma companies' growth into 2023. Global Credit Research- 24 Sep 2019. -Relaxed regulation, improving healthcare coverage to drive China's pharmaceutical demand.

Moody's: China's rising demand for drugs will fuel foreign pharma comp...

Announcement: Moody's: China's rising demand for drugs will fuel foreign pharma companies' growth into 2023. Global Credit Research- 24 Sep 2019. -Relaxed regulation, improving healthcare coverage to drive China's pharmaceutical demand.

Bayer AG: Update to credit analysis

Our credit view of Bayer following H1 results release, asset disposals and in light of glyphosate litigation.

Bayer AG - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Bayer AG: Sale of Animal Health business to Elanco is credit positive

Bayer will receive around $5.3 billion in cash (pre-tax) and Elanco shares worth $2.3 billion in exchange for its Animal Health business. We expect use of proceeds for deleveraging.

Bayer AG & Lanxess AG: Disposal of chemical park operator Currenta is ...

The sale will yield net proceeds of around €1.1 billion for Bayer, which it could use to deleverage, and around €625 million for Lanxess, which it might use to make acquisitions.

Bayer AG: Bayer upholds 2019 guidance with qualifications, setting bar...

Weaker Crop Science activities in first half sets the bar higher to achieve full-year guidance.

Bayer AG: Beefing up its governance is a positive move

New board committee and outside advisor focused on glyphosate litigation underpins Bayer's determination to effectively deal with the glyphosate complex.

Lanxess AG - March 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Bayer AG - March 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Moody's - Bayer’s credit quality able to withstand hypothetical EUR...

Scenario outcomes range from Bayer maintaining its credit quality to a marked deterioration

Bayer AG: Scenario Analysis: Hypothetical glyphosate settlement of up ...

Scenario outcomes range from Bayer maintaining its credit quality to a marked deterioration

Lanxess AG - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Bayer AG - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Jean-Jacques Le Fur
  • Jean-Jacques Le Fur

BAYER - SELL | EUR66(+9%) Glyphosate litigation: moving towards a sett...

BAYER - SELL | EUR66(+9%) Glyphosate litigation: moving towards a settlement? US District Judge may ask Bayer to begin mediation A multibillion dollar settlement The weakness of Bayer is not only glyphosate litigation

Eric Monnier ... (+2)
  • Eric Monnier
  • Jean-Jacques Le Fur

BAYER: Q4 2018 results slightly better than expected | NEUTRAL | EUR81

BAYER - NEUTRAL | EUR81(+19%) Q4 2018 results slightly better than expected A significantly better Q4 2018 than expected for Crop Science Pharmaceuticals slightly sales below consensus Consumer Health remains in the tunnel Crop Science is the focus

Bayer AG: Update to credit analysis

Our credit view of Bayer post the Monsanto acquisition, restructuring announcement, new 2022 targets and glyphosate litigation

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