The Math Shows RCD Can Go To $97
May 19, 2016 at 09:46 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 Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (RCD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $97.28 per unit.