Peek Under The Hood: PPA Has 10% Upside
April 26, 2016 at 08:45 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 $39.74 per unit.