Carlisle (CSL) stock plummeted 9.20% in pre-market trading on Thursday, following a series of downgrades and price target cuts from multiple analysts. The significant drop comes as Wall Street reassesses the company's valuation amid changing market conditions.

Loop Capital led the bearish sentiment by downgrading Carlisle to Hold from Buy, while also reducing its price target to $395 from $430. This move was echoed by other financial institutions, with Truist Securities cutting its target price to $380 from $390, and JP Morgan lowering its target to $480 from $500.

The wave of analyst actions suggests growing concerns about Carlisle's near-term prospects, potentially related to industry headwinds or company-specific challenges. Investors appear to be reacting strongly to these revised outlooks, leading to the sharp decline in the stock price. As the trading day progresses, market participants will be closely watching for any additional commentary from the company or further analyst reactions to gauge the stock's trajectory.