Jefferies analyst Greg Konrad lowered the firm’s price target on Virgin Galactic to $11 from $14 and keeps a Buy rating on the shares. After the company’s Q3 report, he notes that schedules have stabilized with plans for the first commercial spaceflight "holding steady" at Q2 2023. However, a delay in VSS Imagine "dampens the intermediate outlook," Konrad tells investors in a post-earnings research note.
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