Carlisle Companies (CSL +2.6%) announces an agreement to purchase German-company PDT Phoenix for...

|About: Carlisle Companies Inc (CSL)|By:, SA News Editor

Carlisle Companies (CSL +2.6%) announces an agreement to purchase German-company PDT Phoenix for $113M to help boost its European manufacturing and sales presence. The firm also receives an upgrade from FBR Capital Markets to Market Perform from Underperform with a new price target of $45.