TD Cowen Maintains Buy on Virgin Galactic Hldgs, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Oliver Chen has maintained a Buy rating on Virgin Galactic Holdings (NYSE:SPCE) but has lowered the price target from $2.5 to $2.

May 13, 2024 | 4:14 pm
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Virgin Galactic Holdings' price target was reduced from $2.5 to $2 by TD Cowen, although the Buy rating was maintained.
The reduction in price target by TD Cowen, despite maintaining a Buy rating, could lead to short-term negative sentiment among investors, potentially impacting SPCE's stock price negatively. The adjustment reflects a more cautious outlook on the company's valuation, which might influence investor perception and stock performance in the near term.
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