KeyBanc Downgrades Carlisle (CSL) to Hold; Softening Demand in Roofing
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Price: $66.50 +0.67%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade CSL Now!
KeyBanc downgraded Carlisle (NYSE: CSL) from Buy to Hold.
Analyst, Ivan M. Marcuse, said, "With softening indicators of non-residential roofing demand and recent industry checks, we suspect roofing volumes for the Construction Materials segment may be more tepid than what may be currently expected over the coming quarters. Pricing remains relatively firm, and combined with the recent acquisitions, it should still allow year-over-year sales growth despite a possible period of down volume."
KeyBanc lowers FY12 EPS estimates from $4.20 to $4.15 and FY13 from $4.60 to $4.40.
For an analyst ratings summary and ratings history on Carlisle click here. For more ratings news on Carlisle click here.
Shares of Carlisle closed at $54.29 yesterday, with a 52 week range of $29.88-$56.67.
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Analyst, Ivan M. Marcuse, said, "With softening indicators of non-residential roofing demand and recent industry checks, we suspect roofing volumes for the Construction Materials segment may be more tepid than what may be currently expected over the coming quarters. Pricing remains relatively firm, and combined with the recent acquisitions, it should still allow year-over-year sales growth despite a possible period of down volume."
KeyBanc lowers FY12 EPS estimates from $4.20 to $4.15 and FY13 from $4.60 to $4.40.
For an analyst ratings summary and ratings history on Carlisle click here. For more ratings news on Carlisle click here.
Shares of Carlisle closed at $54.29 yesterday, with a 52 week range of $29.88-$56.67.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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