Oppenheimer raises PT on Modine Manufacturing after Q4 revenue beat

ReutersMay 22, 2025 12:30 PM

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

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