Tecnoglass price target lowered to $51 from $53 at B. Riley

B. Riley lowered the firm’s price target on Tecnoglass to $51 from $53 and keeps a Buy rating on the shares. The firm, which recommends buying shares on the weakness, expects strong free cash flow to continue following the in-line to better Q3 results, and feels the valuation discount is unwarranted, the analyst tells investors in a research note.