Pinned straw:
Macquarie's price target is $330, Hitting $500 three years from now would be consistent with eps growth of 15%, Do-able and in line with my expectation.
However, the Price Targets are usually a 12m thing, so that would mean going from $330 to $500 in 2 years - consistent with an eps growth of more like 23%.
That's a bit rich for me. So, I'm probably more in the $400-$450 range. In any event, I expect a nice return from here. And even though the dividend yield isn't much from here, I am starting to notice the "cheques" when they hit the account.
Disc: Held in RL.