Peek Under The Hood: RCD Has 11% Upside
July 18, 2019 at 08:03 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 Invesco 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 $119.49 per unit.