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VRTX

Vertex

$79.23

-1.33 (-1.65%)

06:41
10/17/16
10/17
06:41
10/17/16
06:41

Piper lays out reasons to buy Vertex with stock near 52-week lows

Piper Jaffray analyst Edward Tenthoff says shares of Vertex Pharmaceuticals are trading near 52-week lows following the company's "weak" Q3 guidance. The analyst believes investors should look past the outlook and he lays out six reasons for why to own the shares. The company will present Phase III ORKAMBI data on 58 homozygous F508del children aged 6-11 at the North American Cystic Fibrosis Conference being held from October 27-29, which formed the basis for label expansion, Tenthoff tells investors in a research note. Second, Vertex is launching ORKAMBI in homozygous F508del children, which should reaccelerate Q4 sales, the analyst contends. He also expects European reimbursement to come on-line in 2017, aiding revenue. The analyst sees revenue growth driving profitability and reiterates an Overweight rating on Vertex with a $129 price target. The stock closed Friday down $1.33 to $79.23.

  • 25

    Oct

  • 27

    Oct

  • 06

    Nov

VRTX Vertex
$79.23

-1.33 (-1.65%)

09/29/16
RBCM
09/29/16
NO CHANGE
RBCM
Vertex should be bought on weakness, says RBC Capital
After Vertex lowered its 2016 Orkambi revenue guidance, RBC Capital analyst Michael Yee says that the news "was not a surprise." The analyst remains upbeat on the company's triple CF treatment, and he recommends buying the stock on weakness. He keeps an Outperform rating on the shares.
09/29/16
JMPS
09/29/16
NO CHANGE
JMPS
Vertex Orkambi approval should drive growth, says JMP Securities
JMP Securities analyst Liisa Bayko says that FDA approval of Vertex's Orkambi in the 6-11 year old population should enable the company to grow in Q4 after a temporary slowdown in Q3. However, the analyst expects Q4 Orkambi sales to come in at $285M, versus the consensus outlook of $295M. She keeps a $103 price target and Outperform rating on the shares.
10/06/16
JMPS
10/06/16
NO CHANGE
JMPS
Vertex Orkambi checks positive, says JMP Securities
After conducting checks with doctors, JMP Securities analyst Liisa Bayko says that uptake of Vertex's Orkambi drug among 6-11 year old children appears to be "rapid." Bayko expects Orkambi's market share in the age range to reach 70% within six months. She reiterates a $103 price target and Outperform rating on the stock.
10/12/16
RBCM
10/12/16
NO CHANGE
RBCM
Outperform
Vertex competitor to report data soon, but has long way to go, says RBC Capital
RBC Capital analyst Michael Yee noted that Galapagos NV (GLPG) and partner AbbVie (ABBV) are likely to present new Phase IIa data for GLP-1837 for cystic fibrosis and host an analyst event on October 27, adding that he believes the data will likely be positive and suggest they are "on track" with progress on their triple pill. Yee adds it won't be surprising if Galapagos has positive '1837 "potentiator" data, as this is the easier of the components and only the first piece of a 3-pill drug. Vertex (VRTX) is also hosting an analyst event on Oct. 27 and will probably also give an update on its own "triple," said Yee, who thinks it should stay in the lead with most advanced triple. Yee keeps an Outperform rating on Vertex shares.

TODAY'S FREE FLY STORIES

FSLR

First Solar

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0.32 (0.66%)

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FSLR

First Solar

$48.86

0.32 (0.66%)

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Alcoa

$47.30

1.1 (2.38%)

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GM

General Motors

$38.99

0.29 (0.75%)

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GM and striking workers union Unifor in informal talks, Automotive News says »

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ADP

ADP

$107.48

0.93 (0.87%)

12:21
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Ackman says ADP CEO's stake lot more levered than Pershing's »

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ADP

ADP

$107.48

0.93 (0.87%)

12:20
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Ackman says ADP stock options owned are 'very deep in the money' »

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CSIQ

Canadian Solar

$16.71

-0.09 (-0.54%)

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Aggressive put buying in Canadian Solar »

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ADP

ADP

$107.48

0.93 (0.87%)

12:18
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$NSD

NASDAQ Market Internals

12:17
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BBRY

BlackBerry

$9.14

-0.12 (-1.30%)

, DLPH

Delphi

$100.97

0.07 (0.07%)

12:16
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Delphi picks BlackBerry's QNX OS for self-driving platform, CNet reports »

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BBRY

BlackBerry

$9.14

-0.12 (-1.30%)

DLPH

Delphi

$100.97

0.07 (0.07%)

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  • 28

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$NYE

NYSE Market Internals

12:16
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NYSE market internals summary »

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ADP

ADP

$107.48

0.93 (0.87%)

12:15
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12:15
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ADP

ADP

$107.48

0.93 (0.87%)

12:14
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Ackman says ADP margin opportunity closer to 1,200 basis points »

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CMG

Chipotle

$309.39

5.98 (1.97%)

12:12
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Ackman says Chipotle management doing 'all the right things' »

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ADP

ADP

$107.48

0.93 (0.87%)

12:11
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ADP does not want shares held by Pershing supporters, Ackman says »

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GOOG

Alphabet

$921.81

6.81 (0.74%)

, GOOGL

Alphabet Class A

$936.86

7.11 (0.76%)

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Google nears deal to buy assets from HTC, Bloomberg reports »

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$921.81

6.81 (0.74%)

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$936.86

7.11 (0.76%)

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HMNY

Helios and Matheson

$5.70

2.22 (63.79%)

12:10
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Helios and Matheson mentioned cautiously by TheStreetSweeper 

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ADP

ADP

$107.48

0.93 (0.87%)

, PAYX

Paychex

$58.07

-0.01 (-0.02%)

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ADP

$107.48

0.93 (0.87%)

PAYX

Paychex

$58.07

-0.01 (-0.02%)

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  • 30

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ADP

ADP

$107.48

0.93 (0.87%)

12:08
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ADP

ADP

$107.48

0.93 (0.87%)

12:06
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Ackman says ADP overstates total shareholder returns under CEO »

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LUXTY

Luxottica

$57.52

0.06 (0.10%)

, ESLOY

Essilor

$63.35

-0.06 (-0.09%)

12:06
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12:06
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Downgrade
Luxottica, Essilor rating change  »

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LUXTY

Luxottica

$57.52

0.06 (0.10%)

ESLOY

Essilor

$63.35

-0.06 (-0.09%)

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PSEC

Prospect Capital

$6.72

0.07 (1.05%)

12:05
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12:05
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Options
Prospect Capital call volume above normal and directionally bullish »

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ADP

ADP

$107.48

0.93 (0.87%)

12:01
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Bill Ackman says ADP has 'massively underperformed potential' »

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