Zhitong Financial APP learned that Cowen analyst Oliver Chen published a research report that willVirgin Galactic (SPCE.US)The target price was lowered from $51 to $30, maintaining an "outperform" rating. Chen said in the report that it remains constructive about Virgin Galactic because the analyst sees it as an important leader in the commercial aerospace industry.

The analyst acknowledges that Virgin Galactic has suffered some recent setbacks, but security issues are still the most important and are expected to be resolved in the short term. It is reported that Virgin Galactic has postponed its first commercial space flight to mid-October because of possible "manufacturing defects" in the spacecraft.