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Fly News Breaks for August 27, 2015
WETF
Aug 27, 2015 | 07:33 EDT
Jefferies analyst Surinder Thind attributes the sharp pullback in shares of WisdomTree to recent macro volatility, which he views as transitory, and recommends that long-term investors "back up the truck" to buy shares since it is the "same high growth potential company today that it was last week," but "much more attractively" priced. Thind, who said the outlook for a stronger U.S. dollar is still intact and that rising rates are still coming, added that he feels recent insider sales aren't a big deal, noting that there have been no recent sales by WisdomTree's CEO. The analyst reiterates a Buy rating and $31 price target on WisdomTree shares, which have declined nearly 25% over the last five trading sessions.
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