CNBC Pro

UBS downgrades Virgin Galactic to sell after flight delay, says stock will fall another 25%

Sir Richard Branson speaks after he flew into space aboard a Virgin Galactic vessel, a voyage he described as the "experience of a lifetime" and one he hopes will usher in an era of lucrative space tourism at Spaceport America, near Truth and Consequences, New Mexico on July 11, 2021.
Patrick T. Fallon | AFP | Getty Images

Another flight delay for Virgin Galactic is weakening the bull case for the space exploration stock, according to UBS.

More In Street Calls

CNBC ProOil could plummet to the $60s if a recession hits, Citi speculates
CNBC ProBuy shares of Crocs, which could climb 50% from here on `healthy sell through', Loop Capital says
CNBC ProJPMorgan trims price target for Tesla, says shares could fall more than 40% on weaker deliveries