Tecnoglass price target lowered to $55 from $62 at Baird

Baird lowered the firm’s price target on Tecnoglass (TGLS) to $55 from $62 and keeps an Outperform rating on the shares. The firm’s Q1 channel checks indicate residential building product activity remains lackluster, with spending weakness continuing and project indicators mixed. The group’s fundamentals remain challenging and risks have again emerged around volume and margin assumptions for 2026, the analyst tells investors in a research note.