KeyBanc Capital Markets Initiates Carlisle Coverage: Buy, $55 PT

KeyBanc Capital Markets initiated its Carlisle Companies

coverage with a Buy rating and $55 price target in a research report published today. In the report, KeyBanc states, "First, we believe non-residential re-roofing activity remains healthy and the industry, on average, remains rational. Secondly, over the next 12 months, we expect profitability to improve due to cost savings and completed restructuring, contributions from recent acquisitions and an improving price/cost relationship." Shares of Carlisle closed today at $38.11, down 2.81% from Wednesday's market close.