Oppenheimer analyst Noah Kaye raised the firm’s price target on Modine (MOD) to $220 from $185 and keeps an Outperform rating on the shares. The firm notes that Modine’s business update call Thursday included two bullish developments, namely the announced PT spinoff via RMT/Gentherm combination, and management outlining a framework for substantially higher Climate Solutions growth vs. Street consensus through FY28.
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