Investing.com - Carlisle (NYSE: CSL ) stock gained Tuesday after JPMorgan initiated coverage with an overweight rating and a $500 price target.
The investment bank also placed the building envelope specialist on its Analyst Focus List, citing Carlisle’s high stability and returns, while noting the stock trades at a discount to both its historical 3-5 year average EV/EBITDA ratio of 14-16x and the industry average.
JPMorgan highlighted Carlisle’s dominant exposure to re-roofing, specification-driven systems, and disciplined capital deployment as key strengths of the business model.
The firm specifically pointed to resilient re-roofing demand, pricing power, and optionality from underappreciated assets like CWT as factors supporting its bullish outlook on the stock.
Through its flagship CCM segment, Carlisle offers an integrated suite of low-slope commercial roofing solutions including membranes, insulation, tapes, and accessories designed for 20+ year durability and backed by long-term warranties.
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