Susquehanna Maintains Neutral on Virgin Galactic Hldgs, Lowers Price Target to $1.1
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Charles Minervino has maintained a Neutral rating on Virgin Galactic Holdings (SPCE) and lowered the price target from $2 to $1.1.
May 08, 2024 | 12:44 pm
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Susquehanna maintains a Neutral rating on Virgin Galactic Holdings but lowers the price target from $2 to $1.1.
The reduction in price target by a significant margin suggests a bearish outlook on the stock's short-term price movement, likely due to perceived challenges or underperformance. This could lead to a negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100