Susquehanna lowered the firm’s price target on Virgin Galactic to $6 from $8 and keeps a Neutral rating on the shares. The firm said Virgin Galactic reported 2Q24 results and 2Q FCF came in line with their estimate. The successful launch of Galactic 07 during the quarter was the last commercial flight with the VSS Unity, and the cadence has now paused as the company’s resources are committed to the Delta class.
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