Modine price target raised to $145 from $122 at Oppenheimer

Oppenheimer raised the firm’s price target on Modine (MOD) to $145 from $122 and keeps an Outperform rating on the shares. The firm notes shares traded up high-teens Thursday after Modine beat Q1 2026 top-/bottom-line consensus and raised FY26 sales/EBITDA guidance midpoints 5% above the Street on M&A and stronger data center contributions. Q1 2026 data center outperformance and raised FY26 guide provide early proof points for accelerating/diversifying customer demand, as well as execution on a capacity ramp that should nearly double Modine’s DC revenue capacity by FY28, Oppenheimer says.