UPDATE: Citigroup Reiterates WisdomTree Investments at Buy on Fund Flow
Citigroup maintained WisdomTree Investments (NASDAQ: WETF) at Buy rwith a $9.50 price target.
Citigroup commented, "Pre-market open 12/31, WETF disclosed AUM/flows for the week ended 12/28 (12/27) and we are encouraged by: 1) absolute level of flows (despite the shortened holiday week); 2) general momentum around organic growth as solid 12/27 flows follow a strong W/E 12/21; and, 3) further share gains. 4Q AUM/flows are tracking a bit below our 12/31 forecasts but we are encouraged by the flow reacceleration into YE against likely mixed dynamics for much of our A/M coverage universe."
WisdomTree Investments closed at $5.98 on Friday.
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