Redburn Atlantic analyst Timm Schulze-Melander initiated coverage of the stock this week with a "buy" rating. The analyst set the price target at $178, implying upside of 21% over the current share price of $147 at the time of writing.

The stock market broadly has been rising faster than corporate profits, which raises the volume on criticism from skeptics that it’s gotten too expensive. The S&P 500 is still up nearly 25% for the year so far, on top of last year’s leap of 24.2%.

U.S. stocks are drifting Thursday as the market’s big burst following Donald Trump’s election continues to cool. The S&P 500 was 0.1% lower in midday trading but still near its all-time high set on Monday.