B. Riley raised the firm’s price target on Modine Manufacturing to $98 from $88 and keeps a Buy rating on the shares. Modine is acquiring Scott Springfield Manufacturing, a complementary product portfolio and expertise across a broad range of applications, the analyst tells investors in a research note.
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Read More on MOD:
- Modine Manufacturing Expands Portfolio with Strategic Acquisition
- Modine Acquires Scott Springfield Manufacturing, Gaining Air Handling Unit Offering for Strategic Data Center and Indoor Air Quality Markets
- Modine Manufacturing to participate in a conference call with DA Davidson
- Modine Manufacturing price target raised to $90 from $80 at DA Davidson
- Modine Manufacturing price target raised to $88 from $80 at B. Riley