Check out today’s top analyst calls from around Wall Street, compiled by The Fly.
MULTIPLE POTENTIAL CATALYSTS: Canaccord Genuity analyst Ken Herbert initiated coverage of Virgin Galactic (SPCE) with a Buy rating and $35 price target. Virgin Galactic is the leader in the emerging space tourism market and after several recent test flight delays, the cadence of activity is scheduled to increase, Herbert told investors in a research note. The analyst views the company’s weekend test flight success as a positive indication and believes the shares should benefit from “multiple potential catalysts.”
MOVING TO THE SIDELINES: B. Riley analyst Eric Wold downgraded AMC Entertainment (AMC) to Neutral from Buy with an unchanged price target of $16. While he remains confident about a box office recovery into 2022 and 2023 and still sees an opportunity for AMC to gain share, Wold’s rating change is based “on valuation only” with a 75% move higher in the shares pushing them above his $16 target. To see the rest of the story Click Here.