UPDATE: Barrington Research Reiterates Modine Manufacturing Outperform

Barrington Research reiterated its Modine Manufacturing MOD Outperform rating in a research report published today. Barrington Research has a $20 price target on Modine Manufacturing. In the report, Barrington Research states, " The recent decline in commodities prices should provide MOD with a near-term benefit of helping the company to meet its gross margin conversion ratio targets." Shares of Modine Manufacturing were trading at $10.42 at the time of posting, up 1.36% from Wednesday's market close.