Morgan Stanley downgrades Virgin Galactic to underweight, says stock should fall 20%

Published Wed, Aug 11 20216:10 AM EDTUpdated Wed, Aug 11 20218:34 AM EDT

Jesse Pound @/in/jesse-pound @jesserpound

Billionaire entrepreneur Richard Branson prepares to spray champagne after flying with a crew in Virgin Galactic's passenger rocket plane VSS Unity to the edge of space at Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021.

Joe Skipper | Reuters

It's time for shares of Virgin Galactic to fall back to solid ground after this summer's historic flight with Richard Branson, according to Morgan Stanley.