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

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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.

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