Virgin Galactic fell more than 2% before the US stock market opened, and was downgraded by Morgan Stanley with a target price of $5.
Gelonghui, September 18th | Virgin Galactic (SPCE.US) fell 2.44% to $6.8 before market open. In terms of news, Morgan Stanley analyst Kristine Liwag maintains a sell rating on Virgin Galactic and lowers the target price from $35 to $5. Morgan Stanley states that the company has not conducted a flight since June 2024 and expects to resume revenue-generating commercial flights around 2026, depending on the success of its new Delta-class spacecraft.
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Morgan Stanley Maintains Virgin Galactic(SPCE.US) With Sell Rating, Cuts Target Price to $5
Morgan Stanley analyst Kristine Liwag maintains $Virgin Galactic(SPCE.US)$ with a sell rating, and adjusts the target price from $35 to $5.According to TipRanks data, the analyst has a success rate
Express News | Virgin Galactic : Morgan Stanley Cuts Target Price to $5 From $35