Carlisle price target lowered to $335 from $355 at BMO Capital

BMO Capital lowered the firm’s price target on Carlisle to $335 from $355 and keeps an Outperform rating on the shares. The firm is cutting is FY23 EPS view to $20.95 from $21.80 to reflect the "abnormal and sometimes severe" weather events experienced across many parts of the U.S., the analyst tells investors in a research note. BMO remains positive on the stock longer term however, stating that Carlisle management has executed very well on its operational initiatives while also citing the steady organic growth in its roofing segment.