Carlisle price target lowered to $315 from $330 at Baird

Baird analyst Timothy Wojs lowered the firm’s price target on Carlisle to $315 from $330 and keeps an Outperform rating on the shares. The analyst said his Q4 roofing checks were reassuring, with volume growth improving sequentially, pricing remaining solid, still-solid backlogs, and expectations for both volume and pricing growth in 2023. He said while normal seasonality has returned, creating some near-term volatility, results suggest underlying industry dynamics are still relatively healthy.