GLJ Research increased its price target for Modine Manufacturing (MOD) to $428. The firm maintained its Buy rating following the company's updated long-term guidance for 2028.
Modine secured a new volume commitment with an existing hyperscaler for data center cooling solutions. Analysts highlighted strong execution and high incremental margins, drawing comparisons to competitor Vertiv.
The company’s fourth-quarter fiscal 2026 earnings surpassed market expectations. UBS and DA Davidson also raised their price targets, citing a separate $4 billion long-term agreement with a data center customer.