Modine Manufacturing Company (MOD): A Hot Stock to Buy Amid Solid Growth Metrics
Key takeaways
- On June 1, GLJ Research reiterated a Buy rating on Modine Manufacturing (NYSE:MOD) and raised its price target to $428.
- The price target hike comes on the heels of the company raising its 2028 guidance beyond current capacity.
- Modine Manufacturing has inked a long-term capacity agreement for its Airedale by Modine cooling solution.
Modine Manufacturing Company (MOD): A Hot Stock to Buy Amid Solid Growth Metrics Abdul Rahman Sun, June 14, 2026 at 2:31 AM GMT+7 2 min read MOD VRT Modine Manufacturing Company (NYSE:MOD) is one of the best hot stocks to buy for June. On June 1, GLJ Research reiterated a Buy rating on Modine Manufacturing (NYSE:MOD) and raised its price target to $428.
The price target hike comes on the heels of the company raising its 2028 guidance beyond current capacity. Modine Manufacturing also announced a volume commitment with an existing hyperscaler customer. The research firm expects the company to achieve EBITDA margins in the high 20s, which should drive comparisons with cooling incumbent Vertiv.
Modine Manufacturing has inked a long-term capacity agreement for its Airedale by Modine cooling solution. The deal solidifies its position as a provider of advanced cooling technologies in the expanding data center market. The deal follows a strong fourth quarter and a fourth consecutive year of record revenue growth.