Carlisle price target lowered to $340 from $360 at Truist
Truist lowered the firm's price target on Carlisle to $340 from $360 and keeps a Hold rating on the shares. The commercial roofing industry is facing significant cost inflation driven by higher petrochemical prices and supply disruptions in MDI, a key raw material, following manufacturing issues from major suppliers, the analyst tells investors in a research note. Longer term, investors also remain focused on Kingspan's expansion into the US commercial roofing market, with the impact of new capacity expected to emerge in 2027, the firm added.
Truist lowered the firm's price target on Carlisle to $340 from $360 and keeps a Hold rating on the shares.
The commercial roofing industry is facing significant cost inflation driven by higher petrochemical prices and supply disruptions in MDI, a key raw material, following manufacturing issues from major suppliers, the analyst tells investors in a research note.
Longer term, investors also remain focused on Kingspan's expansion into the US commercial roofing market, with the impact of new capacity expected to emerge in 2027, the firm added.