Carlisle price target lowered to $430 from $450 at Loop Capital

Loop Capital lowered the firm’s price target on Carlisle (CSL) to $430 from $450 and keeps a Buy rating on the shares as part of a broader research note on Roofing names. The firm states that roofing segment margins should hold in well over the next several quarters and also cites industry commentary that March was a particularly strong month in both categories, the analyst tells investors in a research note. Loop also believes that the recent pullback in Roofing shares is overdone, with traction in roofing pricing a “potential narrative changer”.