The Zhitong Finance app learned that on Wednesday, the stock price of Virgin Galactic (SPCE.US) declined. As of press release, the stock had fallen by more than 6.8% to $1.99. Morgan Stanley downgraded Virgin Galactic's stock rating from “hold” to “reduce holdings,” and the target price was lowered from $4 to $1.75, as Virgin Galactic plans to suspend space flight business next year and focus resources on developing the next generation Delta-class suborbiting spacecraft. The bank believes that compared with other companies covered, the company's stock price growth potential during this period of downturn is limited.