Market Overview

Citigroup Reiterates Buy Rating, $9.50 PT on WisdomTree Investments

Related WETF
Morgan Stanley Sees Positives From Investor Meetings With WisdomTree Investments
WisdomTree Debuts 5 Hedged Japan Sector ETFs - ETF News And Commentary

In a report published Monday, Citigroup reiterated its Buy rating and $9.50 price target on WisdomTree Investments (NASDAQ: WETF).

Citigroup noted, “Pre-market open 12/10, WETF disclosed AUM/flows for the W/E 12/6 and we view the data mostly favorable as flows held steady W/W, WETF likely took share, and AUM moved higher following market gains. We believe organic growth remains among best in-class within Traditionals...We see WETF as: a) the best pure 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) one of the few margin expansion stories among Traditionals. We will revisit our model prior to 4Q EPS.”

WisdomTree Investments closed on Friday at $6.14.

Posted-In: CitigroupAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (WETF)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional