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Stock impact report

DA Davidson Raises Modine Manufacturing (MOD) Price Target Amid Data Center Focus [Yahoo! Finance]

Modine Manufacturing Company (MOD) 
Last modine manufacturing company earnings: 2/4 04:21 pm Check Earnings Report
US:NYSE Investor Relations: modine.com/web/en/investors.htm
Company Research Source: Yahoo! Finance
Modine Manufacturing Company (NYSE:MOD)'s price target to $255 from $200, maintaining a Buy rating on the stock. The increase reflects Modine's previously announced PT spinoff/RMT deal and a considerably enhanced data center revenue target for fiscal year 2028. DA Davidson boosted its optimism on the stock, noting “considerable further rerate potential” as Modine Manufacturing Company (NYSE:MOD) transitions into a pure-play data center company over the coming few years. The firm stated that Modine's price-to-order rate of conversion “appears impressively high,” with pricing premiums being unchanged across its business. The same day, KeyBanc Capital Markets boosted Modine Manufacturing Company (NYSE:MOD)'s price objective to $205, noting the company's plans to spin off its PT segment, describing the move as “a meaningful positive step in the transformation story.” Analyst David Tarantino stated that the spin-off would enable Modine to zero in on “higher growth/margin Climate opport Show less Read more
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