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Fly News Breaks for June 13, 2018
WETF
Jun 13, 2018 | 08:25 EDT
After spending time with management, Jefferies analyst Daniel Fannon raised his price target for WisdomTree Investments to $13 from $12.50 and keeps a Buy rating on the shares. While the hedged products remain a headwind to near term flows, flows across the remaining portion of the complex look solid, Fannon tells investors in a research note. The analyst sees continued diversity of flows and successful integration of the ETFS transaction as near term opportunities for WisdomTree. Further, following recent deals in the space, Fannon calls the company a "unique and desirable asset for larger traditional asset managers."
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