UPDATE: Jefferies Initiates Coverage on WisdomTree Investments with Buy Rating, $15 PT on Potential Benefit From Approaching Trend

In a report published Thursday, Jefferies analyst Surinder Thind initiated coverage on

with a Buy rating and $15.00 price target. In the report, Jefferies noted, “We are initiating coverage of WETF with a Buy rating and a $15 price target. As the only publicly traded pure-play ETF manager, WETF stands to benefit from the trend away from active management to passive investing. With an innovative team, industry leading organic growth, and a diverse product set, we expect the company to continue growing well above the industry average.” WisdomTree Investments closed on Wednesday at $11.13.