DA Davidson lowered the firm’s price target on Tecnoglass (TGLS) to $80 from $95 and keeps a Buy rating on the shares after its Q3 earnings miss. The firm continues to look for double-digit growth in 2026, supported by backlog and residential share capture initiatives, although it is lowering forecasts as the base for 2025 is reduced on slower small commercial project conversion and some inflationary/currency impacts to gross margins, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGLS: