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Why Vertex Pharmaceuticals (VRTX) Stock Is Up Today
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Vertex Pharmaceuticals (VRTX) stock rose 6.2% after Morgan Stanley upgraded its rating to "Overweight" with a new price target of $516, up from $438. This optimism is driven by the potential of Vertex's kidney drug pipeline, specifically Pove and Inaxaplin, ahead of their Phase 3 clinical trial data release in 2026. The stock's performance also reflects broader market sentiment, including hopes for interest rate cuts.
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