KeyBanc Starts Carlisle (CSL) at Buy; Solid Reroofing Persists

KeyBanc initiates coverage on Carlisle (NYSE: CSL) with a Buy. PT $55.00.

KeyBanc analyst says, "First, we believe non-residential re-roofing activity remains healthy and the industry, on average, remains rational. Secondly, over the next 12 months, we expect profitability to improve due to cost savings and completed restructuring, contributions from recent acquisitions and an improving price/cost relationship. In addition, CSL's market position in its core businesses, leverage toward replacement demand and financial strength make its shares an attractive investment, in our opinion."

For more ratings news on Carlisle click here and for the rating history of Carlisle click here.

Shares of Carlisle closed at $38.11 yesterday.

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