Modine Manufacturing price target raised to $155 from $140 at DA Davidson

DA Davidson analyst Matt Summerville raised the firm’s price target on Modine Manufacturing to $155 from $140 and keeps a Buy rating on the shares after the company’s recent analyst day event. The firm remains very bullish on the overall outlook for Modine, having recently notched its 3rd large hyperscale customer and seemingly making progress on additional hyper and major colo provider wins, recent liquid product launches and ongoing GenSet and E-Mobility platform awards, the analyst tells investors in a research note.