Mar. 30 at 12:14 PM
$MOD Modine initiated with a Buy at GLJ Research
GLJ Research analyst Austin Wang initiated coverage of Modine with a Buy rating and "Street-high"
$290 price target. Private competitor checks and decremental hyperscaler margins emphasize upside to both management's long-term guidance and margins, says the analyst, who argues that the analyst community fails to give Modine credit for a North American data center chillers capacity ramp.
