B. Riley Securities Downgrades Tecnoglass to Neutral, Raises Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has downgraded Tecnoglass (NYSE:TGLS) from Buy to Neutral, while raising the price target from $60 to $69.
September 23, 2024 | 1:02 pm
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NEUTRAL IMPACT
B. Riley Securities downgraded Tecnoglass from Buy to Neutral, indicating a less bullish outlook despite raising the price target to $69.
The downgrade from Buy to Neutral suggests a less optimistic view on Tecnoglass's stock performance, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $69 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100