Reported about 16 hours ago
KBW analysts have downgraded Berkshire Hathaway (BRK-B, BRK-A) to a Sell rating just before the company's upcoming earnings report, citing concerns over declining revenues and margins across various business segments, including GEICO and railroads. Analyst Meyer Shields highlights that profitability is being threatened by factors such as dampened rate increases, rising claim filings, and deteriorating market conditions for catastrophe reinsurance. Additionally, investment income may decrease with falling interest rates, and upcoming changes in tax credits for alternative energy could further impact long-term earnings potential.
Source: YAHOO