DA Davidson analyst Matt Summerville raised the firm’s price target on Modine Manufacturing to $60 from $57 and keeps a Buy rating on the shares. The analyst cites the company’s Q2 earnings beat and incremental evidence suggesting structural improvements. Modine’s five high-growth verticals are all generating solid, double-digit growth well into, and likely through FY25, the firm adds, maintaining its “top idea” conviction on the stock.
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