Carlisle price target raised to $360 from $340 at Truist

Truist analyst Keith Hughes raised the firm’s price target on Carlisle (CSL) to $360 from $340 and keeps a Hold rating on the shares. The firm is citing the company’s Q1 earnings beat while also noting a second price increase set for May being announced in roof membranes to offset high single-digit raw material inflation, the analyst tells investors in a research note. Overall demand levels improved in commercial roofing as the quarter progressed, primarily due to better weather, the firm added.