B. Riley analyst Jeff Van Sinderen raised the firm’s price target on Modine Manufacturing to $55 from $45 and keeps a Buy rating on the shares post the fiscal Q1 beat. The analyst believes the company continues to transform according to plan and remain confidents that management will execute effectively.
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Read More on MOD:
- Modine Manufacturing raises FY24 adjusted EBITDA view to $280M-$295M
- Modine Manufacturing reports Q1 adjusted EPS 85c vs. 32c last year
- Modine Reports Another Record Quarter, Raises Full-Year Earnings Guidance
- Modine Manufacturing price target raised to $45 from $40 at B. Riley
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