Carlisle initiated with an Outperform at Raymond James

Raymond James analyst Sam Darkatsh initiated coverage of Carlisle (CSL) with an Outperform rating and $425 price target The setup for Carlisle, which has “one of the more compelling financial and competitive profiles in the building products sector,” generally “skews asymmetrically positive over the next year” as earnings growth returns, the analyst tells investors. Following two separate rounds of 5%-8% price hikes, the firm expects the latest price increase announcements will “largely stick,” the analyst added.