Barclays analyst Gena Wang raised the firm’s price target on Vertex Pharmaceuticals to $342 from $313 and keeps an Overweight rating on the shares post the Q4 results. The analyst continues to see the cystic fibrosis franchise supporting a "floor value" with Vertex’s pipeline assets providing additional upside.
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Published first on TheFly
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- Vertex Pharmaceuticals board authorizes $3.0B buyback
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- Vertex options imply 3.7% move in share price post-earnings
- Vertex keeps cystic fibrosis drug out of developing countries, NY Times reports
- Vertex Pharmaceuticals price target raised to $296 from $293 at Piper Sandler