Virgin Galactic Holdings SPCE shares are trading higher on Monday after Cowen & Co initiated coverage on the stock with an Outperform rating on the stock and a price target of $22 per share.
Virgin Galactic Holdings is a U.S.-based aerospace company pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles.
Virgin Galactic shares were trading up 1.15% at $17.66 on Monday. The stock has a 52-week high of $42.49 and a 52-week low of $6.90.
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