Carlisle price target raised to $506 from $500 at Baird

Baird raised the firm’s price target on Carlisle to $506 from $500 and keeps an Outperform rating on the shares. The firm said they continue to be longer-term buyers of the sharees for its pure-play transition, capital allocation opportunities, and long-term EPS power, but are tactically more cautious near term as timing-related price-cost could pressure margins over the next few quarters, while story also transitions toward capital deployment.