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9/28, 8:27 PM (Source: TeleTrader)
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Virgin Galactic soars 23% on new buy ratings

Shares of Virgin Galactic soared over 23% on Monday after several firms, including Bank of America, recommended buying the space tourism company's stock.

"No company in our coverage universe has anywhere near comparable growth potential," Bank of America analyst Ron Epstein stated. Virgin Galactic now has eight buy ratings from Bank of America, Morgan Stanley, Vertical Research Partners, Cowen, UBS, Credit Suisse, Alembic Global Advisors and Susquehanna.

Virgin Galactic rallied 23.10% to $20.22 at 2:10 pm ET. Since the start of the year, the Richard Branson-founded company's shares skyrocketed over 70%.

Breaking the News / NP