Peek Under The Hood: PPA Has 13% Upside
May 11, 2018 at 08:29 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 $63.97 per unit.