UBS Reiterates Buy Rating on Modine Manufacturing (MOD)

UBS analyst Neal Burk reiterated a Buy rating and $210.00 price target on Modine Manufacturing (NYSE: MOD).

The analyst commented, "We expect MOD shares to continue moving higher following quarterly results that included accelerating data center sales growth and margin improvement. Sales of $805 million were 6% ahead of consensus, and included 21% organic growth led by data center. EBITDA of $119.6 million was up 37% year over year and represented margin of 14.9%, ahead of consensus of 13.8%. Modine's performance in the quarter resulted in EBITDA that was 14% ahead of consensus."

For an analyst ratings summary and ratings history on Modine Manufacturing click here. For more ratings news on Modine Manufacturing click here.

Shares of Modine Manufacturing closed at $199.53 yesterday.

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