WisdomTree (WETF +3%) sails right through a downgrade from Buy to Hold by Citi's William Katz....

|About: WisdomTree Investments, ... (WETF)|By:, SA News Editor

WisdomTree (WETF +3%) sails right through a downgrade from Buy to Hold by Citi's William Katz. After the stock more than doubled over the past year, Katz suggests the upside is already discounted. Applying a valuation metric used for BlackRock (and adjusting for WisdomTree's faster growth) leads to fair value for the shares of around $12, says Katz.