Carlisle price target lowered to $285 from $300 at Loop Capital

Loop Capital lowered the firm’s price target on Carlisle to $285 from $300 and keeps a Buy rating on the shares. The company’s Q1 results underperformed as poor weather and inventory de-stocking induced volume decline in the Carlisle Construction Materials segment was a little sharper than modeled, the analyst tells investors in a research note. The underlying market appears to still be flattish for the year and implies a solid back-half recovery also against easier comparisons however, Loop Capital added.