WisdomTree (WETF) Reports In-Line Q2 EPS

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Citi Downgrades WisdomTree Investments (WETF) to Sell

July 31, 2018 5:25 AM EDT

Citi downgraded WisdomTree Investments (NASDAQ: WETF) from Neutral to Sell with a price target of $7.00 (from $10.00).

Analyst William Katz believes the company's P/E multiple can compress further which puts incremental downward pressure on the equity. He notes the decline in... More