Breaking News Instant updates and real-time market news.

MOD

Modine Manufacturing

09:10
08/10/17
08/10
09:10
08/10/17
09:10

Modine Manufacturing terminates public offering of 5M shares

The termination results from an assessment by the company's management that current equity market conditions are not conducive for an offering on terms that would be in the best interests of the Company's shareholder.

  • 10

    Aug

MOD Modine Manufacturing

05/26/17
BARD
05/26/17
NO CHANGE
Target $22
BARD
Outperform
Modine Manufacturing price target raised to $22 from $17 at Baird
Baird analyst David Leiker raised his price target on Modine Manufacturing to $22 from $17 and reiterated it as a top idea. The analyst believes the company is in the early innings of an attractive long-term opportunity given recovering end markets, organic growth opportunities, self-help margin improvement, and structurally higher free cash flow. Leiker reiterated his Outperform rating on Modine Manufacturing shares.
04/19/17
BARD
04/19/17
NO CHANGE
BARD
Baird remains cautious on truck stocks despite recent underperformance
Baird analyst David Leiker remains cautious on trucking stocks despite the recent underperformance in the midst of better orders. He said he expects downside through Q1 as he sees valuation compression offsetting earnings upside. That said, he sees a favorable long-term set up for a "normal" class-8 recovery. Leiker mostly favors Modine (MOD) and WABCO (WBC), followed by Navistar (NAV), while adding that pullbacks in Cummins (CMI) and PACCAR (PCAR) would bring risk/reward to more favorable levels.
01/31/17
GABE
01/31/17
INITIATION
Target $13.5
GABE
Buy
Modine Manufacturing initiated with a Buy at Gabelli
Gabelli analyst Matthew Paige initiated Modine Manufacturing with a Buy and a $13.50 price target to reflect margin expansion, diverse end markets, and free cash flow growth.
10/20/16
10/20/16
NO CHANGE

September NA Class 8 truck data a negative, says Seaport Global
Seaport Global analyst Michael Shlisky said September North American truck data is a negative for the Class 8 sector. Class 8 sales declined 24% year-over-year, versus down 28% in Q3, while production declined 36%, down 35% in Q3, and orders declined 29%, versus down 40% in Q3. The analyst said PACCAR production was inline with his model for the quarter and continues to view the company as best positioned in the current environment.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.