Modine Announces New Presidents for Data Centers and Commercial HVAC Segments
Modine has appointed new leadership for its Data Centers and Commercial HVAC segments to support its strategic thermal management focus.
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UBS Maintains Buy on Modine Manufacturing, Lowers Price Target to $160
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Analysts Adjust Price Targets for Modine Manufacturing Following Q2 Results
Following the company's fiscal second-quarter earnings report, Cantor Fitzgerald and UBS lowered their price targets for Modine Manufacturing while maintaining positive ratings.
Oppenheimer Maintains Outperform on Modine Manufacturing, Lowers Price Target to $215
Modine: 3 Key Takeaways for Long-Term Investors
Modine Manufacturing reported record quarterly order intake exceeding $1 billion for the first time, driven by surging AI workload demand for data center cooling solutions. The company is implementing price increases and long-term supplier contracts to offset rising material costs, while the spin-off of its Performance Technologies segment allows focused capital allocation toward higher-margin thermal management opportunities. Management expects continued margin improvements and is ramping up 20 operational chiller lines by fiscal year-end.
KeyBanc Lowers Modine Price Target to $225
KeyBanc maintained an Overweight rating on Modine Manufacturing Company while lowering its price target to $225 from $280.
Modine Reports Second Quarter Fiscal 2027 Financial Results
Modine Manufacturing Company reported a 35% year-over-year increase in net sales to $994.4 million for the second quarter of fiscal 2027 and raised its full-year outlook for continuing operations.