DA Davidson raised the firm’s price target on Modine (MOD) to $200 from $185 and keeps a Buy rating on the shares. The firm is positive on the company’s data-center related revenue growth projections and further acceleration in core growth over the balance of FY26, the analyst tells investors in a research note. Modine will see another quarter of subdued profitability in Climate Solutions, given spend needed to support the massive chiller capacitization, but the firm remains highly confident in the company’s leadership, DA Davidson added.
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