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

VSS Unity is released from carrier aircraft VMS Eve during the launch of its third spaceflight on May 22, 2021.
Virgin Galactic

Bank of America downgraded Virgin Galactic by two rating notches on Wednesday, saying much of the good news surrounding the company's eventual launch of tourists into space is already reflected in the surging stock price.

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