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DA Davidson raises Modine (MOD) PT to $265 following FQ3 beat, exceptional AI data center momentum
DA Davidson has increased its price target for Modine (MOD) to $265, up from $140, following the company’s strong fiscal third-quarter results. The upgrade is primarily driven by Modine’s exceptional momentum in AI data center liquid cooling, a sector showing significant growth potential. The firm cited Modine’s consistent execution and robust demand in this specialized market as key factors for the revised outlook.