PhillipCapital Upgrades SpaceX to Buy, Sees 70% Upside
PhillipCapital reversed its bearish stance and upgraded SpaceX from sell to buy. SpaceX shares gained 1.5% Friday; the body is truncated after referring to its first-ever quarterly profit.
Space Exploration Technologies Corp. (SpaceX) shares gained 1.5% on Friday after investment firm PhillipCapital completely reversed its bearish position, upgrading the company's shares from ‘sell’ to ‘buy’.The bullish outlook was primarily driven by SpaceX’s first-ever quarterly profit as a publicl…