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Deutsche Bank Comments on Gains in Vertex (VRTX)

September 19, 2014 2:09 PM EDT
Get Alerts VRTX Hot Sheet
Price: $411.38 +0.91%

Rating Summary:
    29 Buy, 11 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 20 | Down: 14 | New: 22
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Deutsche Bank analyst Robyn Karnauskas commented on today's strength in Vertex (NASDAQ: VRTX).

"We have been getting questions on vertex stock move today. We spoke to mgmt earlier and here is our take," said Karnauskas.

"Vertex has been on the road in Europe (with us), the Midwest, Boston, and in NY in the past two weeks.

"From speaking to mgmt, the key takeaways from these conversations have been 1) mgmt views their data as de-risked and 2) they are confident. Additionally, they have been discussing plans for the future. We view both points as highly positive and supportive of our thesis.

"This is very much in-line with our note earlier this week where we took up the target price because we believe that Vertex long-term platform story is unappreciated," she added.

For an analyst ratings summary and ratings history on Vertex click here. For more ratings news on Vertex click here.

Shares of Vertex closed at $97.35 yesterday.



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