EWMC's Underlying Holdings Could Mean 11% Gain Potential
April 16, 2018 at 09:14 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 S&P MidCap 400 Equal Weight Portfolio ETF (EWMC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $70.33 per unit.