B. Riley raised the firm’s price target on Modine Manufacturing to $60 from $55 and keeps a Buy rating on the shares post the Q2 beat. The analyst believes Modine is executing its transformation according to plan in Phase I and is on track for accelerated profitable growth in Phase II.
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Read More on MOD:
- Modine Manufacturing management to meet with B. Riley
- Modine Manufacturing raises FY24 revenue growth view to 6%-11% from 4%-10%
- Modine Manufacturing reports Q2 adjusted EPS 89c, consensus 64c
- Modine Reports Second Quarter Fiscal 2024 Results, Raises Full-Year Earnings Guidance
- Modine Manufacturing (MOD) Q2 Earnings Cheat Sheet
