Maxim analyst Jason McCarthy downgraded Vertex to Hold from Buy after its better than expected Q4 results. The analyst notes that 2018 marks another “great year” for the company’s CF business, with revenue of $868M topping consensus while rising 11% from last year. McCarthy adds that he still expects the franchise to grow amid Symdeko launch ramps in U.S. and Europe, but sees the valuation on the stock being potentially stretched.
https://thefly.com/landingPageNews.php?id=2859999
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