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Strategies & Market Trends : Guidance II

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To: 2MAR$ who wrote (2008)6/24/2014 10:22:09 PM
From: 2MAR$   of 2077
 
VRTX Vertex Pharma's Two Phase 3 Studies Meets Primary Endpoint - Quick Facts http://www.rttnews.com/2340790/vertex-pharma-s-two-phase-3-studies-meets-primary-endpoint-quick-facts.aspx?type=ct


Vertex rose 40% this afternoon after the company announced results from a late-stage study combining two Vertex cystic fibrosis drugs, according to Barron's 'Barron's Take' column, which suggested waiting for a lower entry point in the stock as FDA approval in mid-2015 seems priced into the stock. Reference Link :

Citigroup went crazy early with price target of $130

Piper Jaffray believes shares of Vertex are fully valued at current levels after the company reported positive Phase III data. The firm keeps a Neutral rating on the stock with an $87.50 price target.

Summer Street estimates 2019 sales of Kalydeco combo at $3.5B
Following the positive Phase 3 results, Summer Street estimates combo lumacaftor and Kalydeco sales of $3.5B in 2019. The firm has a Neutral rating on shares of Vertex.

Vertex price target raised to $107 from $92 at Maxim
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