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10 Best Stocks This Past Week: Virgin Galactic, Upstart, Ford and More
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Richard Branson s Virgin Galactic SpaceShipTwo said to reach edge of space
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Virgin Galactic Takes Off on UBS Upgrade to Buy
A UBS analyst says he remains positive on the fundamentals of Virgin Galactic and upgrades the company to buy.
Author:
Virgin Galactic (
SPCE) - Get Report got a boost Friday after a UBS analyst upgraded the space tourism company to buy from neutral.
Shares of the Las Cruces, New Mexico company were up 5.1% to $20.80 at last check.
Analyst Myles Walton, who also cut his price target to $36 from $40, cited retrenchment in the stock from 21 highs on test flight delays and news today of the flight test catalyst chain now re-formed as reasons for the upgrade.
Stocks Snap 3-Day Losing Streak; Bitcoin Rebounds
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