Low target $140 according to analysts but that is being very generous .
Advice to anyone hoping to make a profit on the upside in this stock view a 10 yr chart of SHW and ask yourself this question .
Why should I pay over $100 more for a stock that at the peak of the housing bubble topped out at $75 when it benefited from the demand was cause by the largest construction boom ever ?
My target is either the 100 week or 200 week MA at $127.367 or $100.087
The only explanation for this absurdly overvalued stock, and the vast majority of other U.S. equities, is QE and folks being tired of living in a persistent recession/depression hoping for something good to happen. When SHW comes back to Earth-and it will- should see $120, which is still high, but within reason.
I just received my dividend $ yesterday...SHW has been rock solid for years now. Last year & half has been what I have always expected from this BC company...strong operational results, continue to drive out costs with Lean/Sigma projects. No reason why SW couldnt be in the $190-210 range...solid company.
A dividend that yields a measly 1.10% when 10 yr Treasuries are now yielding 2.22% is no reason to hang on to a stock that will feel the same forces of gravity that a failed shuttle launch will experience . You have much safer opportunities in those treasuries .