WisdomTree price target raised to $16 from $14 at Craig-Hallum

Craig-Hallum analyst George Sutton raised the firm’s price target on WisdomTree (WT) to $16 from $14 and keeps a Buy rating on the shares. Modestly higher expenses in the quarter, which were related to the strong performance of WDEF, left earnings in-line with expectations, the firm notes. More interestingly, the company announced the acquisition of Ceres Partners, a key player in the farmland investment market, adds Craig-Hallum.