The Math Shows RGI Can Go To $95
May 20, 2016 at 07:24 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 Industrials ETF (RGI), we found that the implied analyst target price for the ETF based upon its underlying holdings is $95.42 per unit.