Truist Securities Maintains Sell on Virgin Galactic Hldgs, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Ciarmoli has maintained a 'Sell' rating on Virgin Galactic Holdings (NYSE:SPCE) and lowered the price target from $3 to $1.
October 20, 2023 | 5:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Virgin Galactic Holdings' stock rating has been maintained as 'Sell' by Truist Securities, with a lowered price target from $3 to $1.
The 'Sell' rating maintained by Truist Securities indicates a negative outlook for Virgin Galactic Holdings. The lowering of the price target from $3 to $1 further suggests that the analyst expects the stock price to decrease in the short term, which could negatively impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100