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Fly News Breaks for February 4, 2019
WETF
Feb 4, 2019 | 08:22 EDT
Citi analyst William Katz downgraded WisdomTree Investments to Sell and cut his price target for the shares to $4 from $7. The company reported "disappointing" Q4 results and expense guidance, Katz tells investors in a research note. To reflect higher compensation, lower margins and further fee rate pressure, the analyst dropped his 2019 and 2020 earnings estimates by 32%.
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