DonCorleone77
$MOD Modine recent weakness a buying opportunity, says UBS
UBS notes Modine shares are down "a lot" over the last three months, directionally consistent with other industrial companies with disproportionate exposure to AI infrastructure end markets, but the firm sees potential for meaningful recovery progressing to year-end and has confidence in the company's ability to make meaningful progress in its supply chain challenges. The firm, which also has confidence in the sequential increase in revenue expected in Q2, argues that the recent selloff "creates a compelling buying opportunity" and it keeps a Buy rating and $355 price target on Modine shares.
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