Modine Manufacturing Company (NYSE:MOD) is one of the 10 Data Center Cooling Companies to Invest In. An analyst at the financial services firm D.A. Davidson has issued an important update on the company. On December 9, analyst Matt Summerville reaffirmed his Buy rating on the stock and set a $200 target price. The new target price offers 30.76% upside from the current levels.
As of December 10, the stock is covered by nine analysts on Wall Street. Modine Manufacturing Company (NYSE:MOD) holds a Buy rating from all analysts covering it, reflecting their positive sentiment toward the stock. According to analysts’ estimates, the company has a median price target of $185, representing 20.95% upside from current levels. Moreover, the stock is currently trading below its lowest Wall Street price target, which implies 13.11% upside from that level.
UBS also took a bullish stance on Modine Manufacturing Company (NYSE:MOD), initiating coverage on November 20. The research firm assigned a Buy rating to the stock and set a $173 price target. UBS highlighted the company’s strong position in cooling systems for colocation, hyperscale, and neocloud customers worldwide. The firm expects Modine Manufacturing Company (NYSE:MOD) to deliver approximately 15% average annual revenue growth by FY2029, given its 30% exposure to the potential data center markets.
Modine Manufacturing Company (NYSE:MOD) operates as a tester, designer, manufacturer, engineer, and seller of mission-critical thermal solutions. The company operates through two segments: Performance Technologies and Climate Solutions. It provides heat-transfer, powertrain-cooling, and data-center products. The firm is headquartered in Racine, Wisconsin.
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Disclosure: None. This article is originally published at Insider Monkey.
