WisdomTree price target lowered to $11 from $12 at Oppenheimer

Oppenheimer analyst Chris Kotowski lowered the firm’s price target on WisdomTree to $11 from $12 and keeps an Outperform rating on the shares. The firm notes Q1 marked yet another strong quarter of net inflows for WisdomTree totaling $2.0B, driven by higher-fee rate international developed equities and U.S. equities, partly offset by commodity and currency outflows, and fixed income roughly flat.