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2021-06-30

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Virgin Galactic shares fall as Bank of America double downgrades stock to underperform

Bank of America downgraded Virgin Galactic by two rating notches on Wednesday, saying much of the go

Virgin Galactic shares fall as Bank of America double downgrades stock to underperform

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However, we believe this premium is already priced into the stock and will dwindle as more commercial space companies go public,” BofA’s Ronald Epstein said in a note.\nBofA lowered Virgin Galactic’s rating all the way to underperform from buy. 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