RFG's Underlying Holdings Imply 14% Gain Potential
December 06, 2019 at 09:24 AM EST
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 MidCap 400— Pure Growth ETF (RFG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $171.35 per unit.