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Fly News Breaks for January 31, 2020
Jan 31, 2020 | 11:13 EDT
As previously reported, Baird analyst Brian Skorney downgraded Vertex to Neutral from Outperform on valuation with the stock at all-time highs "due to absolute domination of their CF franchise" as the company's report of $420M in quarterly Trikafta sales "smokes expectations." While he said he can't fault those who want to remain bullish, Skorney said his thesis has played out, though he did raise his price target on Vertex shares to $230 from $210.
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