Modine Manufacturing Q1 revenue doubles in Data Centers; price target set at $258 with Strong Buy rating

Modine Manufacturing reported nearly doubled revenue in its Data Centers segment for Q1 2027 and expects 60%-80% growth for the full year. The analyst reaffirmed a Strong Buy rating but lowered the price target to $258 based on a more conservative valuation. Key risks include margin pressure, supply chain issues, customer concentration, and integration challenges from a recent acquisition. The outlook remains positive with expected earnings growth in 2028.