Carlisle price target raised to $73 from $68 at RW Baird Baird raised its price target and estimates on Carlisle following Q4 results. The firm cited its solid portfolio, margin improvements, and increased conviction longer-term returns. Shares are Outperform rated.
Carlisle sees FY16 revenue growth in mid-single digits, consensus $3.72B Sees FY16 CapEx $100M-$125M. In the FoodService Products segment, the company expects low-single digit net sales growth. In the Fluid Technologies segment, the company expects sales increases likely to be in the mid-single digit range. In the Construction Materials segment, outlook in commercial construction in the U.S. "remains positive". Expects net sales growth in the Carlisle Interconnect Technologies segment in the mid-to-high single digit percent range.