Carlisle price target lowered to $390 from $420 at Truist

Truist analyst Keith Hughes lowered the firm’s price target on Carlisle (CSL) to $390 from $420 and keeps a Hold rating on the shares. The company’s results came in above Street primarily on commercial roofing margins, and Carlisle also has limited China exposure and does not expect much impact at current tariff levels, but the firm’s price target cut reflects a weakening in residential outlook and growing possibility of commercial project delays, the analyst tells investors in a research note.