Vertex shares should be bought on pullbacks, says RBC Capital RBC Capital recommends buying Vertex on pullbacks as it thinks the stock could move towards $80+ on positive Phase III CF combo data in 1H14. The firm maintains a $70 price target and Outperform rating on the shares.
News For VRTX From The Last 14 Days
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Vertex shares should be owned ahead of data, says JMP Securities JMP Securities expects Phase 3 data for Kalydeco in combination with corrector lumacaftor, expected to be announced mid-year, to be positive. It recommends that ivnestors own the stock ahead of the data. The firm notes that Vertex received a label expansion for Kalydeco fro mthe FDA, and it reiterates a $115 price target and Outperform rating on the stock.