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Friday, February 3, 2012

Stock Alert -Vertex Pharmaceuticals (NASDAQ:VRTX) was downgraded by analysts at Cowen - 2/3/12

Vertex Pharmaceuticals (NASDAQ:VRTX) was downgraded by analysts at Cowen from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday.

Separately, analysts at Goldman Sachs (NYSE: GS) downgraded shares of Vertex Pharmaceuticals from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Vertex Pharmaceuticals from $38.00 to $44.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Also, analysts at Credit Suisse (NYSE: CS) raised their EPS on shares of Vertex Pharmaceuticals in a research note to investors on Wednesday. They now have an “outperform” rating and a $42.00 price target on the stock.

Vertex Pharmaceuticals opened at 38.38 on Friday. Vertex Pharmaceuticals has a 52-week low of $26.50 and a 52-week high of $58.87. The stock has a 50-day moving average of $34.86 and a 200-day moving average of $39.77. The company’s market cap is $8.005 billion.


Vertex Pharmaceuticals (NASDAQ:VRTX)  resistance level is $42 and support level is $34.

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