Truist Boosts Virgin Galactic (SPCE) Stock With New Upgrade

Shares of commercial spaceflight expert Virgin Galactic (NYSE:SPCE) are moving up noticeably on Wednesday. Despite a broader pessimistic view on the company, Truist Securities just broke rank and upgraded its assessment. This surprising pivot could prove prescient, however, especially given the risk bearish traders face if SPCE stock squeezes higher.According to Seeking Alpha, Truist analyst Michael Ciarmoli believes that Virgin Galactic’s “operational prospects” remain unchanged. However, management made a ...