Citigroup Reiterates Buy Rating, $9.50 PT on WisdomTree Investments

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.

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