Carlisle price target raised to $480 from $475 at Oppenheimer

Oppenheimer raised the firm’s price target on Carlisle to $480 from $475 and keeps an Outperform rating on the shares after hosting virtual meetings with management, and coming away confident in 2024-2025 earnings/cash flow upside and the value-creation levers of Vision 2030. Over the near term, the firm anticipates CCM strength to more than offset telegraphed CWT headwinds with both segments positioned for solid core growth and margin expansion next year.