Virgin Galactic VSS Virgin GalacticUBS downgraded Virgin Galactic stock from "neutral" to indicate that most optimism has already been priced in.Since mid-May, shares in the space flight company have risen by almost 200%.Myles Walton, an analyst at UBS, said that the stock could be under pressure due to lock-up expiration.Subscribe to our daily newsletter 10 Things Before The Opening Bell.According to UBS, Virgin Galactic's stock prices have no room for growth.Space flight company Richard Branson will be aboard next week for the voyage. The company has seen a nearly 200% increase in its profits since May.Myles Walton, UBS analyst, downgraded the stock to "neutral" on Monday. He stated in a note that the stock's current price reflects the most optimistic outlook around the business.Walton stated that stock had dropped on fears of flight delays, and competitive pressures prior to our May upgrade. Both of these are now completely gone. "We remain positive in the event path ahead supported with the recent FAA operator licence update, paving way for another powered flight, which was just announced for July 11. We find this catalyst chain appealing at current stock levels. However, we see a lot of value.Walton also raised Virgin's price target from $36 to $45, and made it $45. Current shares trade at $46Walton said that the stock could be under pressure in the fall due to news about Virgin's space flight program cooling off, while the program is being maintained. He said that the stock could be under pressure from falling share lock-ups by original investors.
