Analyst Anticipates Tecnoglass Expansion In Vinyl Windows Market, Predicts $180M FCF In 2023
Portfolio Pulse from Lekha Gupta
Stifel Research analyst Stanley S. Elliott initiated coverage on Tecnoglass Inc (NYSE:TGLS) with a Buy rating and a price target of $60. Elliott is bullish on TGLS' consistent market share growth and expects the company to generate an FCF of $180 million in 2023.
June 15, 2023 | 5:15 pm
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Stifel Research analyst Stanley S. Elliott initiated coverage on Tecnoglass Inc (NYSE:TGLS) with a Buy rating and a price target of $60, expecting consistent market share growth and $180M FCF in 2023.
The analyst's Buy rating and price target of $60 indicate a positive outlook for TGLS. The consistent market share growth, exposure to attractive end markets, and strong financial position are factors that contribute to the bullish sentiment. The expectation of $180 million FCF in 2023 further supports the positive impact on TGLS' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100