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waihustle
2021-07-06

Momentum trade?

UBS downgrades Virgin Galactic after stock jumps nearly 200%

Virgin Galactic’s stock may have reached its peak altitude as the company prepares to launch its bil

UBS downgrades Virgin Galactic after stock jumps nearly 200%

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUBS downgrades Virgin Galactic after stock jumps nearly 200%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-06 19:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/06/ubs-downgrades-virgin-galactic-after-stock-jumps-nearly-200percent.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Virgin Galactic’s stock may have reached its peak altitude as the company prepares to launch its billionaire founder into space, according to UBS.\nThe stock has nearly tripled since mid-May as it has ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/06/ubs-downgrades-virgin-galactic-after-stock-jumps-nearly-200percent.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.cnbc.com/2021/07/06/ubs-downgrades-virgin-galactic-after-stock-jumps-nearly-200percent.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1145508583","content_text":"Virgin Galactic’s stock may have reached its peak altitude as the company prepares to launch its billionaire founder into space, according to UBS.\nThe stock has nearly tripled since mid-May as it has come closer to manned flights, and a voyage withRichard Branson onboard is schedule for July 11.\nHowever, UBS analyst Myles Walton downgraded the stock to neutral from buy, saying in a note to clients on Monday that the excitement around the space travel business becoming a reality is already reflected in the stock.\n“We remain optimistic in the event path ahead supported by the recent FAA operator license update, paving the way for another powered flight, just announced, for July 11th. Though we view this catalyst chain as appealing, at the stock’s current levels, we do see a lot priced in,” the note said.\nThe stock could also lose steam later in the year after the interest in the initial flights calms down, according to UBS.\n“Looking beyond the summer of flights, there is likely to be less news flow in the fall as the flight program stands down for maintenance into 1Q22. Moreover, share lock-ups of the original investor base expiring (~30% of float) could add some pressure,” the note said.\nThe firm hiked its price target to $45 per share from $36, with the new target just 6 cents above where the stock closed on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":911,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

UBS downgrades Virgin Galactic after stock jumps nearly 200%

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