GLJ Research Initiates Coverage of Modine Manufacturing (MOD) with a Buy Rating

Modine Manufacturing Company (NYSE:MOD) is one of the 10 Best AI Pick-and-Shovel Stocks to Buy. On March 29, 2026, GLJ Research analyst Austin Wang initiated coverage of Modine Manufacturing Company (NYSE:MOD) with a Buy rating and a “Street-high” $290 price target on the shares. Austin Wang has said that the private competitor checks and hyperscaler margin trends point to upside in both long-term guidance and margins, adding that the market is underestimating Modine Manufacturing Company (NYSE:MOD)’s North American data center chiller capacity ramp.

Meanwhile, DA Davidson has maintained a Buy rating and a $265 price target on Modine Manufacturing Company (NYSE:MOD) after meeting with management, saying it came away “quite bullish on a number of fronts.” The firm has noted that the company’s datacenter funnel has expanded significantly since its September 2024 analyst day, supporting its growth outlook through FY28, and pointed to additional upside from hyperscaler demand, international data center expansion, and non-data center opportunities.

GLJ Research Initiates Coverage of Modine Manufacturing (MOD) with a Buy Rating

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Modine Manufacturing Company (NYSE:MOD) provides thermal management and cooling solutions, including data center cooling systems and related services.

While we acknowledge the risk and potential of MOD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MOD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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