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2022-06-21 05:04:48 SPCE Virgin Galactic $6.25 / +0.47 (+8.13%) 05:04 06/21/22 06/21 05:04 06/21/22 05:04	Virgin Galactic initiated with an Underweight at Wells Fargo Wells Fargo analyst Matthew Akers initiated coverage of Virgin Galactic with an Underweight rating and $4 price target. The analyst sees further risk in the shares as he's doubtful the company can develop its new Delta spacecraft and continue to fund operations without a capital raise. Virgin Galactic shares currently price in at least 10-times acceleration in ticket sales, which is unlikely, Akers tells investors in a research note. He believes the stock's valuation is driven by retail investors and could decline further if economic activity slows.

2022-06-21 05:04:48

SPCE

Virgin Galactic

$6.25 / +0.47 (+8.13%)

05:04

06/21/22

06/21

05:04

06/21/22

05:04

Virgin Galactic initiated with an Underweight at Wells Fargo

Wells Fargo analyst Matthew Akers initiated coverage of Virgin Galactic with an Underweight rating and $4 price target. The analyst sees further risk in the shares as he's doubtful the company can develop its new Delta spacecraft and continue to fund operations without a capital raise. Virgin Galactic shares currently price in at least 10-times acceleration in ticket sales, which is unlikely, Akers tells investors in a research note. He believes the stock's valuation is driven by retail investors and could decline further if economic activity slows.

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Recommendations	Premium Brands price target lowered to C$138 from C$139 at BMO Capital » 13:17 08/08/22 08/08 13:17 08/08/22 13:17 PRBZF Premium Brands $77.30 / +3.935 (+5.36%) BMO Capital analyst… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial ShowHide Related Items >><< Street Research PRBZF Premium Brands $77.30 / +3.935 (+5.36%) 12:52 Today National Bank Premium Brands price target lowered to C$134 from C$136 at National Bank 12:14 Today Stifel Premium Brands price target lowered to C$120 from C$135 at Stifel 12:01 Today Scotiabank Premium Brands price target lowered to C$135 from C$137 at Scotiabank 08/02/22 Desjardins Premium Brands price target lowered to C$130 from C$150 at Desjardins
Technical Analysis	NASDAQ market internals summary » 13:17 08/08/22 08/08 13:17 08/08/22 13:17 $NSD NASDAQ Market Internals / + Volume is above average… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in 9 minutes Get Free Trial ShowHide Related Items >><< Technical Analysis $NSD NASDAQ Market Internals / + 12:17 Today NASDAQ market internals summary 11:17 Today NASDAQ market internals summary 10:17 Today NASDAQ market internals summary 08/05/22 NASDAQ market internals summary
Recommendations	Cascades price target lowered to C$13 from C$14 at BMO Capital » 13:16 08/08/22 08/08 13:16 08/08/22 13:16 CADNF Cascades $6.66 / -0.73 (-9.88%) BMO Capital analyst Mark… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial ShowHide Related Items >><< Street Research Earnings CADNF Cascades $6.66 / -0.73 (-9.88%) 08/05/22 Scotiabank Cascades price target lowered to C$15 from C$17 at Scotiabank 08/05/22 National Bank Cascades downgraded to Sector Perform from Outperform at National Bank 07/18/22 RBC Capital Cascades downgraded to Sector Perform from Outperform at RBC Capital 06/17/22 Scotiabank Cascades price target lowered to C$17 from C$17.50 at Scotiabank CADNF Cascades $6.66 / -0.73 (-9.88%) 05/12/22 Cascades reports Q1 adjusted EPS (C$0.15) vs. C$0.29 last year

Technical Analysis	NYSE market internals summary » 13:16 08/08/22 08/08 13:16 08/08/22 13:16 $NYE NYSE Market Internals / + Volume is above average… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in 9 minutes Get Free Trial ShowHide Related Items >><< Technical Analysis $NYE NYSE Market Internals / + 12:16 Today NYSE market internals summary 11:16 Today NYSE market internals summary 10:16 Today NYSE market internals summary 08/05/22 NYSE market internals summary
Recommendations	Ensign Energy price target raised to C$6.50 from C$6 at BMO Capital » 13:15 08/08/22 08/08 13:15 08/08/22 13:15 ESVIF Ensign Energy $2.30 / -0.04 (-1.71%) BMO Capital analyst John… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial ShowHide Related Items >><< Street Research ESVIF Ensign Energy $2.30 / -0.04 (-1.71%) 11:49 Today TD Securities Ensign Energy price target lowered to C$6 from C$6.50 at TD Securities 05/10/22 RBC Capital Ensign Energy price target raised to C$6.50 from C$6 at RBC Capital 05/10/22 Stifel Ensign Energy price target raised to C$5.75 from C$5.50 at Stifel 05/10/22 TD Securities Ensign Energy price target raised to C$6.50 from C$6 at TD Securities
Recommendations	Suncor price target lowered to C$53 from C$57 at Raymond James » 13:14 08/08/22 08/08 13:14 08/08/22 13:14 SU Suncor $30.57 / +0.3 (+0.99%) Raymond James analyst… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in 9 minutes Get Free Trial ShowHide Related Items >><< Company News Street Research On The Fly Options SU Suncor $30.57 / +0.3 (+0.99%) 07/18/22 Suncor enters agreement with Elliott, new board committee to conduct review 07/11/22 Suncor CEO Mark Little steps down, Kris Smith appointed Interim CEO 05/16/22 Third Point lowers stakes in Amazon, Intuit, exits Alphabet position 05/16/22 Elliott adds Diamond Offshore, exits Arconic in Q1 SU Suncor $30.57 / +0.3 (+0.99%) 12:53 Today National Bank Suncor price target lowered to C$63 from C$64 at National Bank 07/18/22 National Bank Suncor price target lowered to C$64 from C$73 at National Bank 07/18/22 Credit Suisse Elliott may help unlock a lot of value for Suncor investors, says Credit Suisse 07/11/22 Raymond James Suncor downgraded to Market Perform from Outperform at Raymond James SU Suncor $30.57 / +0.3 (+0.99%) 04/28/22 What You Missed On Wall Street On Thursday 04/28/22 What You Missed On Wall Street This Morning 02/15/22 What You Missed On Wall Street This Morning SU Suncor $30.57 / +0.3 (+0.99%) 06/28/22 Suncor call volume above normal and directionally bullish 06/23/22 Suncor put volume heavy and directionally bearish 06/22/22 Suncor call volume above normal and directionally bullish 06/13/22 Suncor call volume above normal and directionally bullish
Recommendations	Slate Office REIT price target lowered to C$5 from C$5.25 at Raymond James » 13:14 08/08/22 08/08 13:14 08/08/22 13:14 SLTTF Slate Office REIT $3.45 / + (+0.00%) Raymond James analyst… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial ShowHide Related Items >><< Street Research SLTTF Slate Office REIT $3.45 / + (+0.00%) 07/27/22 Canaccord Slate Office REIT downgraded to Hold from Buy at Canaccord 07/20/22 National Bank Slate Office REIT price target lowered to C$4.40 from C$5 at National Bank 06/08/22 Industrial Alliance Slate Office REIT initiated with a Hold at Industrial Alliance 05/13/22 Canaccord Slate Office REIT price target lowered to C$5.25 from C$6 at Canaccord
Recommendations	Labrador Iron Ore price target lowered to C$36 from C$39 at Raymond James » 13:13 08/08/22 08/08 13:13 08/08/22 13:13 LIFZF Labrador Iron Ore Royalty $21.42 / -0.3125 (-1.44%) Raymond James analyst… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in 9 minutes Get Free Trial ShowHide Related Items >><< Street Research LIFZF Labrador Iron Ore Royalty $21.42 / -0.3125 (-1.44%) 08/05/22 Scotiabank Labrador Iron Ore Royalty price target lowered to C$32 from C$37 at Scotiabank 07/15/22 BMO Capital Labrador Iron Ore price target lowered to C$27.50 from C$35 at BMO Capital 07/07/22 Scotiabank Labrador Iron Ore Royalty price target lowered to C$37 from C$41 at Scotiabank 07/06/22 Raymond James Labrador Iron Ore Royalty price target lowered to C$39 from C$42 at Raymond James