“Why Virgin Galactic Stock Jumped 13% on Monday”
May 17, 2024
“Shares of Virgin Galactic (NYSE: SPCE) stock soared 13.5% through 11:45 a.m. ET Monday, and for a most surprising reason: Investment bank TD Cowen lowered its price target on the space stock to $2 per share this morning.
Now why would investors look at this report and think it good news? Because despite the lower price target, Cowen says Virgin Galactic stock is still a buy…”
https://finance.yahoo.com/news/why-virgin-galactic-stock-jumped-163026120.html