Carlisle price target raised to $320 from $310 at Baird

Baird raised the firm’s price target on Carlisle to $320 from $310 and keeps an Outperform rating on the shares. The firm said while lower H2 volumes are disappointing and are likely to drive some trading weakness, there are still see a series of catalysts that could play out into 2024 including normalizing CCM volumes, broad-based margin improvement, better price-cost, and sum-of-the-part optionality, driving both estimates and valuation upside.