On Wednesday, DA Davidson maintained a Buy rating on Modine Manufacturing (NYSE:MOD), with a consistent price target of $140.00. The firm anticipates significant investor attention during Modine's upcoming analyst day, scheduled for next Wednesday at its Racine, Wisconsin headquarters. The event is expected to provide updates on the company's financial targets for fiscal year 2027, which were initially set in June 2022.
The analyst day will feature presentations from Modine's CEO, CFO, and segment leaders, as well as introductions to approximately half a dozen of its key General Managers. These managers will present various key product lines, including DC cooling, EVantage, and Gen Sets, which are considered integral to Modine's near-term (NT) and mid-term (MT) earnings trajectory.
In anticipation of the analyst day, DA Davidson has established its initial projections for fiscal year 2027, while also maintaining its forecasts for fiscal years 2025 and 2026. These projections for the latter two fiscal years were recently updated following Modine's first-quarter results for fiscal year 2025.
The firm's reiteration of the Buy rating and the $140 price target reflects confidence in Modine Manufacturing's future performance and strategic product lines. Investors and analysts alike are looking forward to the forthcoming details that will be shared at the analyst day, which could further influence the company's financial outlook and stock performance.
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