Citi recommends long Och-Ziff, underweight WisdomTree pair trade Citigroup recommends a pair trade of long Och-Ziff Capital (OZM) and underweight WisdomTree (WETF). Citi says Och-Ziff is generating faster organic growth while trading a "substantially cheaper" valuation. The firm has a Buy rating on the stock and a Sell rating on WisdomTree.
WisdomTree upgraded to Buy from Neutral at Goldman Goldman upgraded WisdomTree to Buy given strong organic near-term growth from key product offerings, a strong U.S. dollar and QE in Europe and Japan, competitive positioning that supports M&A premium, and continued secular demand for SmartBeta ETFs. Price target raised to $18 from $15.