Tecnoglass price target lowered to $80 from $95 at DA Davidson

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.