Vertex price target raised to $35 from $30 at BMO Capital

BMO Capital raised the firm’s price target on Vertex to $35 from $30 and keeps a Market Perform rating on the shares. The company’s Q4 results were better than expected and its outlook was “solid”, the analyst tells investors in a research note. The drivers of strength were multi-faceted, including upside on subscription growth and further evidence that the company is leveraging past investments to improve margins, the firm added.