MOD Crosses Above Average Analyst Target
June 08, 2023 at 07:58 AM EDT
In recent trading, shares of Modine Manufacturing Co (MOD) have crossed above the average analyst 12-month target price of $32.00, changing hands for $32.56/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..