Oppenheimer analyst Bryan Blair upgraded Carlisle Companies Incorporated (CSL) to Buy yesterday and set a price target of $125. The company’s shares closed yesterday at $105.44.
Blair observed:
“We upgraded CSL to Outperform on 12/16/18 (note here), with our thesis anchoring on an incrementally positive outlook for core CCM, upside margin/accretion potential at Accella, potentially underappreciated margin/return prospects in CIT and CFT, and heavily discounted balance sheet optionality. After refreshing CCM analysis and conducting another round of checks, we believe our thesis is progressing well (aided by MDI cost tailwinds) with recent weather challenges a modest disruption to solid fundamental trends. Outside CCM, our views on self-help and portfolio management upside are unchanged. Overall, we remain confident in CSL’s prospects for EPS outgrowth (enhanced by now-closed Petersen Aluminum) and expect shares to sustain recent upward momentum. Reiterate Outperform.”
According to TipRanks.com, Blair is a 1-star analyst with an average return of -8.2% and a 30.8% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Mueller Water Products.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carlisle Companies Incorporated with a $124.20 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $129.47 and a one-year low of $92.16. Currently, Carlisle Companies Incorporated has an average volume of 430.8K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Carlisle Cos., Inc. engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle FoodService Products, Carlisle Fluid Technologies, and Carlisle Brake & Friction.
