Virgin Galactic test flight an ‘important milestone,’ says Wells Fargo

Wells Fargo analyst Matthew Akers notes, citing FlightAware, that Virgin Galactic’s Eve mothership took off from Mojave, CA in what appears to be its first test flight since undergoing mechanical upgrades. The first test flight of Eve is "an important milestone" toward its planned start of commercial service in Q2, according to the firm, which has an Underweight rating and $3 price target on Virgin Galactic shares.