Oppenheimer raises PT on Modine Manufacturing after Q4 revenue beat

Modine Manufacturing

22/05/2025 13:30

** Oppenheimer raises PT on Modine Manufacturing MOD.N to $121 from $114, upside of 30% to stock's last close; rating unchanged at 'outperform'

** Brokerage says co's data center outlook strengthened amid capacity constraints

** Adds that MOD's core competencies in thermal management and product innovation should drive accretive growth over time

** Brokerage upgrades FY 27 EBITDA forecast to $524 mln from $508 mln

** Co on Tuesday posted Q4 revenue that beat analysts' estimates

** Shares down marginally by 0.3% at $93 premarket

** Six of seven brokerages rate stock "buy" or higher, one "hold"; their median PT is $132.50 - data compiled by LSEG

** As of last close, stock had fallen 19.6% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))