Carlisle price target lowered to $350 from $380 at Truist

Truist analyst Keith Hughes lowered the firm’s price target on Carlisle (CSL) to $350 from $380 and keeps a Hold rating on the shares. Negative commentary on markets and changes in distribution ownership discussed in the company’s slides at a recent investor conference has raised questions on near-term results, the analyst tells investors in a research note. Investors will likely at least stay away from the shares until this situation is cleared up with potential for more downside pressure, the firm added.