Zacks Investment Research downgraded shares of MODINE MANUFACT (MOD) from NEUTRAL to UNDERPERFORM on June 07, 2012, with a target price of $5.70.
Modine operates primarily in a single industry consisting of the manufacture and sale of heat transfer equipment. This includes heat exchangers for cooling all types of engines, transmissions, auxiliary hydraulic equipment, air conditioning components used in cars, trucks, farm and construction machinery and equipment, and heating and cooling equipment for residential and commercial building HVAC (heating, ventilating, air conditioning and refrigeration equipment).
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