Carlisle price target raised to $325 from $300 at Loop Capital

Loop Capital analyst Garik Shmois raised the firm’s price target on Carlisle to $325 from $300 and keeps a Buy rating on the shares after the management released its “Vision 2030” outlook. The company sees mid to high single di organic sales growth, 25+ adjusted EBITDA margin, EPS of $40/share and a more than 25% ROIC, and despite the rise in the share price ahead of the Vision 2030 launch, Carlisle targets likely exceeded Street expectations, the analyst tells investors in a research note. Loop further adds that it sees fundamental catalysts of improving organic demand in Q4, easy volume comps into next year, and margin upside when assuming “stable” price/cost dynamics for Carlisle.