DA Davidson Raises Modine Manufacturing (MOD) Price Target Amid Data Center Focus

DA Davidson boosted its optimism connected the stock, noting “considerable further rerate potential” arsenic Modine Manufacturing Company (NYSE:MOD) transitions into a pure-play information halfway institution implicit the coming fewer years. The steadfast stated that Modine’s price-to-order complaint of conversion “appears impressively high,” with pricing premiums being unchanged crossed its business.

The aforesaid day, KeyBanc Capital Markets boosted Modine Manufacturing Company (NYSE:MOD)’s terms nonsubjective to $205, noting the company’s plans to rotation disconnected its PT segment, describing the determination arsenic “a meaningful affirmative measurement successful the translation story.” Analyst David Tarantino stated that the spin-off would alteration Modine to zero successful connected “higher growth/margin Climate opportunities, namely Data Center,” which has a amended semipermanent maturation trajectory.

Modine Manufacturing Company (NYSE:MOD) operates arsenic a tester, designer, manufacturer, engineer, and seller of mission-critical thermal solutions. The institution operates done 2 segments: Performance Technologies and Climate Solutions.

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