Market Overview

UPDATE: Goldman Sachs Removes WisdomTree Investments from Americas Conviction Buy List

Related WETF
Back Up The Bus On Shares Of WisdomTree
Citi Double-Downgrades WisdomTree To Sell, Slashes Target To $15
Stocks Take A Quiet Step Back; Micron, Veeva, Ulta Beauty Jump (Investor's Business Daily)

In a report published by Goldman Sachs, analyst Marc Irizarry downgraded WisdomTree Investments (NASDAQ: WETF) from Conviction List Buy to Buy and maintained its $11.50 price target.

Goldman Sachs reported that, “We remove WETF from the Americas Conviction List, but retain our Buy rating. We are still constructive on WETF's flow and margin expansion story, supported by robust weekly flow reports. The market now prices in more of the potential strong growth ahead for the firm as estimates have come up and the stock has outperformed. Since being added to the Conviction Buy List on October 5, 2012, WETF is up 57% vs. the S&P 500 up 7% and Asset Managers under coverage up 26%, on average. Over the past 12 months, WETF is up 35% vs. the S&P 500 up 11% and Asset Managers up 22%.”

Shares of WisdomTree Investments close at $10.82 on Wednesday

Latest Ratings for WETF

Aug 2015CitigroupDowngradesBuySell
Aug 2015JefferiesMaintainsBuy
Aug 2015CitigroupMaintainsBuy

View More Analyst Ratings for WETF
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Analyst Ratings


Related Articles (WETF)

View Comments and Join the Discussion!

Get Benzinga's Newsletters