Carlisle initiated with a Hold at Truist

Truist initiated coverage of Carlisle (CSL) with a Hold rating and $460 price target Carlisle is the largest producer of commercial roofing with significant waterproofing and various insulation products and its stock has seen multiple revaluation on margins and takeout potential, the analyst tells investors. The valuation “looks full” and the firm’s view is that first half of 2025 will see choppy results after a strong 2024, thus its estimates are modestly below the Street’s, the analyst tells investors.