Why DA Davidson Remains Positive on Modine Manufacturing Company (MOD)

Modine Manufacturing Company (NYSE:MOD) is among the most profitable stocks in each sector so far in 2026. On March 30, DA Davidson maintained a Buy rating on Modine Manufacturing Company (NYSE:MOD) with a price target of $265 after a call with the company’s management, including Neil Brinker, President and CEO, and Mick Lucareli, EVP and CFO.

DA Davidson appears optimistic about Modine Manufacturing Company (NYSE:MOD) in several respects. This is reinforced by the stock’s performance, with a one-year share price appreciation of nearly 192%. What’s more appealing is the company’s data center funnel aperture, which has climbed more than 3x since the analyst day in September 2024.

The firm appears positive on the incremental growth vectors from specific hyperscalers and non-U.S. data center proliferation. The potential for additional growth at Modine Manufacturing Company (NYSE:MOD) is driven by long-term data center agreements, noted DA Davidson, adding that non-data-center inorganic deployment prospects further strengthen the case for the company.

On the same day, GLJ Research started coverage on Modine Manufacturing Company (NYSE:MOD) with a Buy rating and a $290 price target. The firm believes the Climate Solutions business will rise at a 45% CAGR from CY25 to CY28.

Modine Manufacturing Company (NYSE:MOD) is a Wisconsin-based provider of mission-critical thermal solutions. Founded in 1916, the company offers heat-transfer, data-center, and powertrain-cooling products, among others.

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