Carlisle initiated with Overweight, named top pick at JPMorgan

JPMorgan initiated coverage of Carlisle (CSL) with an Overweight rating and $500 price target JPMorgan added the stock to its Analyst Focus List. Carlisle is the firm’s top pick in small cap industrials, saying it offers “resilience, pricing power and innovation to unlock value.” Carlisle has redefined itself as a focused building envelope pure-play, with Construction Materials now accounting for over 70% of total revenue, the analyst tells investors in a research note. The says the company’ contractor-led distribution model enables efficient market access and deep customer loyalty.