How The Pieces Add Up: XOP Targets $42
October 05, 2017 at 08:28 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 SPDR S&P Oil & Gas Exploration & Production ETF (XOP), we found that the implied analyst target price for the ETF based upon its underlying holdings is $42.08 per unit.