Market Overview

Citigroup Reiterates Buy Rating, $9.50 PT on WisdomTree Investments

Share:
Related WETF
How To Stick With Emerging Markets If The Dollar Rebounds
WisdomTree Unveils Big Expansion To Fixed Income ETF Lineup
Higher rates a boost to WisdomTree (Seeking Alpha)

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.

Latest Ratings for WETF

DateFirmActionFromTo
Feb 2016Keefe Bruyette & WoodsDowngradesMarket PerformOutperform
Feb 2016Northland SecuritiesInitiates Coverage onOutperform
Jan 2016Northland SecuritiesInitiates Coverage onNeutral

View More Analyst Ratings for WETF
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (WETF)

View Comments and Join the Discussion!