Surprising Analyst 12-Month Target For PPA
May 05, 2016 at 07:32 AM EDT
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares Aerospace & Defense Portfolio ETF (PPA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $40.25 per unit.