Virgin Galactic Stock Finds Its First Fan on Wall Street
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
New space tourism company Virgin Galactic (NYSE: SPCE) says that after reverse merging into shell company Social Capital Hedosophia last week, it in effect created "the World's First and Only Publicly Traded Commercial Human Spaceflight Company."
To one analyst on Wall Street, that fact alone is reason enough to buy the stock.
Source Fool.com