Oppenheimer believes that Carlisle's stock has come under pressure due to worries about the near-term volumes of the company's construction materials business and continued demand weakness in its brake and friction unit. However, the firm thinks that the weakness in the construction materials business is temporary, while the brake and friction downturn is "manageable," since the unit only accounts for less than 4% of the company's EBIT, according to the firm. The firm remains upbeat on the company's long-term outlook and keeps an Outperform rating on the shares.