Modine Manufacturing Initiated at Buy by GLJ Research on Data Center Growth

GLJ Research initiated coverage of Modine Manufacturing (NYSE: MOD) with a Buy rating and a $290 price target, citing strong growth potential driven by data center infrastructure demand. The firm said the market is underestimating Modine’s capacity expansion in North American data center cooling systems, particularly chillers, which is expected to drive accelerating growth in both revenue and EBITDA. GLJ highlighted insights from private competitor checks and prior hyperscaler margin trends, suggesting upsi ...