UPDATE: Citigroup Reiterates Buy Rating, Raises PT on WisdomTree Investments
In a report published Monday, Citigroup reiterated its Buy rating on WisdomTree Investments (NASDAQ: WETF), and slightly raised its price target from $8.50 to $9.50.
Citigroup noted, “Maintain Buy; Global Focus Five and TPL! selections. We see WETF as: a) the best play on the structural growth of ETFs among our global coverage; b) a share gainer, particularly among equities; c) offering solid leverage to building AUM; and, d) having a possible change of control premium associated with a potential strategic sale. We are encouraged by seemingly robust equities volumes against a paucity of inflows more generally, and see the solid equities flows as boding well should markets further appreciate.”
WisdomTree Investments closed on Friday at $6.89.
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