Barrington Research Reiterates Modine Manufacturing Outperform In Earnings Preview

Barrington Research reiterated its Modine Manufacturing MOD Outperform rating in an earnings preview report published today. Barrington Research has a $20 price target on the company. In the report, Barrington Research states, "We believe than MOD should benefit from the 2012-2013 new program launches, especially those with a focus on construction and agriculture markets. Increased demand trends and positive outlook for construction and agriculture machinery companies such as CAT and DE serve as a catalyst for MOD's program growth expansion." Shares of Modine Manufacturing were trading at $11.21 at the time of posting, up 0.09% from Wednesday's market close.