The company's strategy has been to selectively add companies that can contribute to its growth and offer complementary products and services. In summary, DA Davidson's analysts have maintained their positive outlook on Modine Manufacturing, keeping the Buy rating and $155.00 price target unchanged. The acquisition of AbsolutAire is seen as a strategic fit for Modine, expected to be beneficial to the company's product range and market position. InvestingPro analysis reveals 13 additional investment tips for MOD, along with comprehensive financial metrics and a detailed Pro Research Report, providing deeper insights into the company's potential. Discover more about Modine's valuation and growth prospects with an InvestingPro subscription. In other recent news, Modine Manufacturing Company announced its plan to acquire AbsolutAire, a Michigan-based manufacturer, to strengthen its HVAC offerings.