** Oppenheimer lifts price target on U.S.-based manufacturer of thermal management and HVAC solutions Modine Manufacturing MOD.N to $325 from $271, maintains "outperform" rating

** New PT implies a 16.1% upside from the stock's last close

** Shares down 0.3% at $279 premarket

** Brokerage says MOD's margins will rise through FY27, with a brief Q1 data center dip before stronger growth and broader margin gains from Q2 onwards

** Adds that a $4 billion supply deal will drive strong data center growth from FY28 as capacity ramps up

** Modine supplies cooling systems to data centers to prevent overheating

** All 10 brokerages covering the stock rate it "buy" or higher; their median PT is $271 - data compiled by LSEG

** As of last close, stock has more than doubled YTD