DA Davidson analyst Matt Summerville raised the firm’s price target on Modine Manufacturing to $140 from $120 and keeps a Buy rating on the shares after its Q1 earnings beat. The company’s numbers remain well positioned to potentially move gradually higher as the year progresses, led by strong demand and considerable market outgrowth within its Data Center, Gen Set, and Evantage product lines, the analyst tells investors in a research note.
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Read More on MOD:
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