Modine price target raised to $265 from $255 at DA Davidson

DA Davidson analyst Matt Summerville raised the firm’s price target on Modine (MOD) to $265 from $255 and keeps a Buy rating on the shares after its Q3 earnings beat. The company’s data center funnel, win rates, and order bookings remain exceptional, with multiple potential long-term agreements in the offing as key hyperscalers seek to lock down needed capacity and in turn, de-risking future inbound orders, the analyst tells investors in a research note.