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How The Pieces Add Up: KBE Targets $35

Forbes - 29 Jul 2016 13:45
How The Pieces Add Up: KBE Targets $35 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 Bank ETF (AMEX: KBE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $35.17 per unit.
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