Carlisle initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Carlisle with a Buy rating and $455 price target. The analyst believes Carlisle is well positioned to benefit from the macro environment as well as industry and company-specific dynamics over the next several years. The firm expects above average growth relative to global peers. As the roofs of commercial structures approach the end of their 20-30 year useful life, Carlisle management estimates up to 40% will need to be replaced over the next five years, the analyst tells investors in a research note.