Virgin Galactic Holdings SPCE shares are trading higher on Tuesday after UBS initiated coverage on the stock with a Buy rating and announced a $25 price target.
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 Holdings shares were trading up 10.5% at $17.59 at the time of publication. The stock has a 52-week high of $42.49 and a 52-week low of $6.90.
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