Morgan Stanley cut shares of Bayer Motoren Werk (OTCMKTS:BMWYY) from an equal weight rating to an underweight rating in a research note issued to investors on Thursday, reports.

Separately, Credit Suisse Group began coverage on Bayer Motoren Werk in a research note on Wednesday. They set an outperform rating for the company.

Bayer Motoren Werk (OTCMKTS:BMWYY) opened at 33.89 on Thursday. Bayer Motoren Werk has a 52-week low of $27.51 and a 52-week high of $35.01. The stock has a market capitalization of $66.88 billion and a P/E ratio of 7.30. The stock has a 50 day moving average of $33.80 and a 200 day moving average of $31.94.

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