UPDATE: Gabelli & Company Upgrades WisdomTree Investments to Buy
In a report published Wednesday, Gabelli & Company upgraded its rating on WisdomTree Investments (NASDAQ: WETF) from Hold to Buy.
Gabelli noted, “We are increasing our 2013P estimate to $0.29 per share from $0.25 per share. Our revision incorporates the operating benefits from the deal expiration with BNY Melon and lower professional fees. We continue to believe in the seasoned management team and long-term competitive aspects of WisdomTree. Shares currently trade at a 20% discount to 2013 Private Market Value of $8.00 per share. We recommend purchase.”
WisdomTree Investments closed on Tuesday at $6.10.
Latest Ratings for WETF
|Nov 2016||UBS||Initiates Coverage On||Sell|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.