Analysts Expect MDY To Hit $283
February 03, 2016 at 14:03 PM EST
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 SPDR S&P MIDCAP 400 ETF (MDY), we found that the implied analyst target price for the ETF based upon its underlying holdings is $283.28 per unit.