The past week has been a brisk one for sell-side analysts updating their views on shares WisdomTree Investments Inc. (NASDAQ: WETF), the fifth-largest U.S. issuer of exchange traded funds.
On Tuesday, it is Keefe, Bruyette & Woods analysts Robert Lee and Ann Dai out with commentary on WisdomTree. KBW rates the stock Market Perform with a $25 price target, well above current. Shares of New York-based WisdomTree are off about 6 percent at time of writing and labor around the $17.60, implying upside of more than 42 percent from current levels if KBW's price target proves accurate.
“Net outflows of -$900mn in the week ending 8/28 have reduced firm-wide QTD flows to +$900mn. Flows trends remain dominated by currency-hedged strategies, which generated +$2.3bn of inflows through 8/21 and then generated -$400mn of outflows in the week ending 8/28, bringing QTD flows to +$1.9bn. Emerging Markets outflows have been -$860mn QTD, ...
/www.benzinga.com/analyst-ratings/analyst-color/15/09/5807300/another-analyst-chimes-in-on-wisdomtree alt=Another Analyst Chimes In On WisdomTree>Full story available on Benzinga.com
More...