Carlisle Companies, Inc. (CSL) to Benefit from Upturn in Nonresidential Construction

May 23, 2014

Senior Analyst Ajay Kejriwal of FBR Capital Markets says that businesses exposed to nonresidential construction, such as Carlisle Companies, Inc. (CSL), are set to benefit as the segment continues to improve.

“We recently published a report talking about nonresidential construction, and this was something we highlighted, saying for the first time in the last three years we’re seeing signs that nonresidential construction is coming back,” Kejriwal said.

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Kejriwal upgraded Carlisle based on this theme. He says the company’s exposure to roofing materials will position it well as the nonres construction market grows.

“The idea there is they have large exposure to roofing materials, and this is roofing material used for commercial nonresidential structures. So as you start seeing more buildout and replacement of existing roofing structures, this would be a company to benefit,” Kejriwal said.