9% is exceptionally high for some industries (eg, commodities or retail). For example, Wal-Mart is closer to 3%. Its not unusual to see targets of close to 4%.

9% is exceptionally high for some industries (eg, commodities or retail). For example, Wal-Mart is closer to 3%. Its not unusual to see targets of close to 4%. I do agree with you that it isn't unexpected during a period of sanctions on a country that produces ~10% of the worldwide oil supply, though. Profits naturally will rise for the remaining players.