- UBS rings the register on Virgin Galactic (NYSE:SPCE), noting a near tripling in the stock price from May's low.
- While there's plenty of room for more positive catalysts, UBS notes the news flow could slow in coming months with the flight program shutting down for maintenance early next year. There's also coming expirations of share lock-ups for roughly 30% of the float.
- Shares are up 1.15% premarket to $45.45. UBS's price target is $45.
Virgin Galactic trimmed to Neutral at UBS after big rally
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Symbol | Last Price | % Chg |
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SPCE | - | - |
Virgin Galactic Holdings, Inc. |