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Investing.com - DA Davidson has reiterated its Buy rating and $200.00 price target on Modine Manufacturing (NYSE:MOD), following meetings with the company’s leadership at the SC25 event in St. Louis, Missouri. The target represents a 42% upside from the current price of $140.53, though InvestingPro data indicates the stock may be trading above its Fair Value.
The investment firm held discussions with Modine’s CEO, Group VP of Data Centers, and other company leaders during the conference, which focuses on high-performance computing, networking, storage, and analysis.
DA Davidson also engaged with numerous other key market participants at the event, primarily concentrating on thermal management players in the industry.
Based on these interactions, DA Davidson believes Modine Manufacturing remains well-positioned to generate multiple years of considerable market outgrowth compared to its peers.
The firm attributes this positive outlook to key secular themes, needle-moving innovation, and what it describes as "the convergence of heightened cooling needs and optimized power use effectiveness" in Modine’s target markets.
In other recent news, Modine Manufacturing Company reported impressive financial results for the second quarter of fiscal year 2026. The company achieved adjusted earnings per share (EPS) of $1.06, surpassing analyst expectations of $1.01, resulting in a 4.95% surprise. Revenue also exceeded forecasts, reaching $738.9 million compared to the anticipated $698.4 million, marking a 5.79% surprise. Additionally, Modine introduced a stainless steel variant to its Airedale by Modine TurboChill DCS chiller line, enhancing circuit cleanliness and system reliability for high-density AI deployments in data centers.
In corporate governance news, Christopher W. Patterson, a member of Modine’s Board of Directors, announced his intention to retire for personal reasons, effective November 17, 2025. Patterson’s departure will reduce the board’s size from eleven to ten directors. The company stated that Patterson’s decision was not due to any disagreement with Modine’s operations, policies, or practices. These developments reflect Modine’s ongoing efforts to innovate and adapt to market demands while managing its corporate structure.
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