Carlisle downgraded to Hold at Jefferies on below-consensus forecast

As previously reported, Jefferies downgraded Carlisle to Hold from Buy with a price target of $290, down from $325. While the firm likes the long-term growth prospects, it sees risks near-term earnings from a more challenging commercial construction environment, the analyst tells investors. The firm, which worries about the ability for building owners to push out re-roofing activities, models 2024 EPS of $18.71 per share, below the consensus forecast of $20.29 per share, the analyst noted.