Baird Initiates Coverage On Modine Manufacturing with Outperform Rating, Announces Price Target of $300

This Restaurant Brands Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday

Analysts initiated bullish coverage on ADRX ($32), NWSA ($35), MOD ($275), SITM ($750) and QSR ($85), with Overweight, Outperform or Buy ratings.

Cantor Fitzgerald Initiates Coverage On Modine Manufacturing with Overweight Rating, Announces Price Target of $275

Cantor Fitzgerald analyst Manish A. Somaiya initiates coverage on Modine Manufacturing (NYSE:MOD) with a Overweight rating and announces Price Target of $275.

Shares of data center infrastructure-related companies are trading lower as elevated oil prices and stronger-than-expected inflation data this week fuel concerns that interest rates will remain higher for longer. Elevated financing costs could slow investment in data centers and power infrastructure, weighing on demand for electrical equipment and HVAC systems.

Shares of data center infrastructure-related companies are trading lower as elevated oil prices and stronger-than-expected inflation data fuel expectations that U.S. interest rates will remain elevated. Higher financing costs could pressure capital spending on data centers, power infrastructure, and commercial building projects, potentially weighing on demand for electrical equipment and HVAC systems.