Tecnoglass transferred with Buy rating at B. Riley

B. Riley analyst Rohit Seth put a Buy rating and $100 price target on Tecnoglass (TGLS) following a transfer of coverage. Tecnoglass is a “best-in-class” building products company that can continue delivering above-market growth and high returns, the analyst tells investors in a research note. The firm says the company’s “low-cost advantage” and backlog support should enable continued expansion in the U.S. with sustained low 30s EBITDA margins.