Modine Manufacturing Company is trading 4.2% up at $286.00 in pre-market, extending its recent rebound following a bullish analyst update and a major contract win.
- GLJ Research lifted its price target to $428 and reiterated a Buy rating, citing the company's updated 2028 guidance.
- The company secured a new high-volume data-center cooling commitment with an existing hyperscaler customer, strengthening its position in the sector.
- Shares are also benefiting from a broad risk-on rally across U.S. equity futures.