Market Overview

UPDATE: Morgan Stanley Reiterates Equal-Weight Rating, Raises PT on WisdomTree Investments

Share:
Related WETF
WisdomTree Adds A-Shares To 2 China ETFs
Internal Focus Works In Europe

In a report published Friday, Morgan Stanley reiterates its Equal-Weight rating on WisdomTree Investments (NASDAQ: WETF), and raised its price target to $8.00.

Morgan Stanley noted, “The withdrawal of Research Affiliates' patent infringement lawsuit removes a significant overhang on WETF & returns the focus to organic growth. We're raising our normalized 2016 EPS estimate to 37c and price target to $8 after removing an assumed licensing fee settlement.”

WisdomTree Investments closed on Thursday at $6.21.

Latest Ratings for WETF

DateFirmActionFromTo
May 2017CitigroupUpgradesNeutralBuy
Feb 2017CitigroupUpgradesSellNeutral
Nov 2016UBSInitiates Coverage OnSell

View More Analyst Ratings for WETF
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (WETF)

View Comments and Join the Discussion!