Tecnoglass price target raised to $40 from $38 at B. Riley

B. Riley analyst Alex Rygiel raised the firm’s price target on Tecnoglass to $40 from $38 and keeps a Buy rating on the shares. The company continues to benefit from its low cost, vertically integrated business model providing it the opportunity to capture market share while benefiting from mostly favorable end market trends, Rygiel tells investors in a research note.