Bernstein lowered the firm’s price target on Virgin Galactic (SPCE) to $2 from $3 and keeps an Underperform rating on the shares. Virgin Galactic reported Q2 results after the close on Wednesday, with adjusted EPS coming in better than expected, while management reiterated its schedule to commercialize the Delta class spaceships in fall 2026, while the launch of the research ship program was postponed from Summer 2026 to Fall 2026 due to fuselage issues, the analyst tells investors in a research note.
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