Tecnoglass price target raised to $88 from $85 at Baird

Baird raised the firm’s price target on Tecnoglass (TGLS) to $88 from $85 and keeps an Outperform rating on the shares. The firm said they postied Q3 EBITDA upside, modestly raising the midpoints of 2024 guidance as implied Q4 brackets consensus, and they announced completion of strategic review.