WisdomTree (WETF) PT, Estimates Cut at Jefferies; 'Buy' Maintained

Jefferies analyst Surinder Thind cut estimates and his price target on WisdomTree Investments (NASDAQ: WETF) to $15.00 (from $18.00) but maintained a Buy rating with shares down roughly 40% from peak levels earlier in the year.

After a deep dive into current fund flow trends to re-examine the long-term outlook, Thind said, "Our analysis suggests the risk/reward is strongly favorable at current levels. Near-term, net flows are improving and were positive in May for the first time in 4 months, while longer-term, positive secular trends will remain a tailwind."

The firm cut FY 2014 EPS from $0.50 to $0.29 and FY 2015 EPS from $0.75 to $0.40.

For an analyst ratings summary and ratings history on WisdomTree Investments click here. For more ratings news on WisdomTree Investments click here.

Shares of WisdomTree Investments closed at $10.90 yesterday.

You May Also Be Interested In

• BofA Securities Upgrades Bharat Forge Ltd. (BHFC:IN) to Buy
• Reckitt Benckiser (RKT:LN) (RBGLY) PT Lowered to GBP51 at Berenberg
• PZ Cussons PLC (PZC:LN) PT Lowered to GBP1.50 at JPMorgan