Tecnoglass price target raised to $76 from $68 at Baird

Baird analyst Timothy Wojs raised the firm’s price target on Tecnoglass to $76 from $68 and keeps an Outperform rating on the shares. The firm said its target increase reflects positive recent datapoints and our continued confidence in their above-consensus 2025E estimates and said it remains one of their favorite ideas. Baird noted tactically, both revenue and margin comparisons are easing, supporting reaccelerating revenue growth and margin gains over the next several quarters.