Carlisle price target lowered to $300 from $350 at Credit Suisse

Credit Suisse analyst Daniel Oppenheim lowered the firm’s price target on Carlisle to $300 from $350 and keeps an Outperform rating on the shares. The inventory destocking may be taking longer than anticipated partially due to weather, and some of the destocking, or at least cautious inventory management, may continue into Q2 and have a more prolonged impact, the analyst tells investors in a research note.