Oppenheimer Believes Carlisle Companies (CSL) Still Has Room to Grow

In a report released today, Bryan Blair from Oppenheimer reiterated a Buy rating on Carlisle Companies (CSLResearch Report), with a price target of $335.00. The company’s shares closed last Wednesday at $271.55, close to its 52-week high of $275.13.

According to, Blair is a 5-star analyst with an average return of 16.7% and a 58.6% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Evoqua Water Technologies, and Watts Water Technologies.

Currently, the analyst consensus on Carlisle Companies is a Strong Buy with an average price target of $319.00, a 18.2% upside from current levels. In a report issued on July 15, Robert W. Baird also maintained a Buy rating on the stock with a $325.00 price target.

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Carlisle Companies’ market cap is currently $14.04B and has a P/E ratio of 26.32.

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Carlisle Cos., Inc. engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment includes the manufacture of insulation materials, rubber, thermoplastic polyolefin, and polyvinyl chloride roofing membranes; related roofing accessories; and waterproofing products. The Carlisle Interconnect Technologies segment focuses on the design and manufacture of wire, cable, connectors, contacts and cable assemblies for the transfer of power and data. The Carlisle Fluid Technologies segment deals with industrial liquid and powder finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing of a variety of coatings. The Carlisle Brake and Friction segment covers brakes and friction material and clutch and transmission friction material. The company was founded by Charles S. Moomy in 1917 and is headquartered in Scottsdale, AZ.

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