The Selloff Has Created A Better Entry Point For Modine

I am reaffirming my Strong Buy rating on Modine Manufacturing with a revised price target of $258. Data Centers revenue almost doubled in Q1 2027, and MOD still expects the segment to grow 60% to 80% for the full year. I am lowering my price target to $258, based on a more conservative 25x FWD non-GAAP P/E multiple and est. 2028 EPS of $10.33. The main risks are margin pressure, supply chain constraints, customer concentration, and execution around the Performance Technologies transaction.

I'm reaffirming my Strong Buy rating on Modine Manufacturing ( MOD ) following its Q1 2027 earnings results . I am also cutting my price target to $258 per share, not because the thesis has broken.