Vertex price target lowered to $50 from $61 at Citizens JMP

Citizens JMP analyst Patrick Walravens lowered the firm’s price target on Vertex (VERX) to $50 from $61 and keeps an Outperform rating on the shares. The company reported disappointing Q2 results and it lowered its 2025 outlook, the analyst tells investors in a research note. Despite the softness, Vertex is not stepping back from the long-term outlook provided at its investor day, the analyst tells investors in a research note.