KeyBanc analyst David Tarantino initiated coverage of Modine (MOD) with an Overweight rating and $125 price target The firm views Modine as a “highly compelling long-term transformation story.” The shares should re-rate higher as investors better appreciate the company’s organic transformation compounded by data center growth and acquisition opportunities, the analyst tells investors in a research note. KeyBank believes Modine’s transformation is “too compelling to ignore” and the company is “on a path to compounder status.”
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Read More on MOD:
- Modine Announces Merger with LBW Holding Corp.
- Modine to acquire L.B. White for enterprise value of $112M
- Modine Manufacturing’s Record Earnings and Future Outlook
- Modine price target raised to $121 from $114 at Oppenheimer
- Optimistic Buy Rating for Modine Driven by Strong Data Center Performance and Strategic Positioning