Oppenheimer analyst Noah Kaye raised the firm’s price target on Modine Manufacturing to $135 from $114 and keeps an Outperform rating on the shares. The firm notes shares traded up strongly after Modine beat Q1 2025 top-/bottom-line consensus on data center strength and raised FY25 guidance midpoints above the Street. Oppenheimer believes revised guidance embeds conservatism on macro factors and orders conversion timing.
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Read More on MOD:
- Modine Manufacturing raises FY25 adj EPS view to $3.65-$3.95 from $3.55-$3.85
- Modine Manufacturing reports Q1 adjusted EPS $1.04, consensus 86c
- Modine Reports First Quarter Fiscal 2025 Results
- Modine Manufacturing options imply 11.7% move in share price post-earnings
- Modine Manufacturing initiated with an Outperform at William Blair