Reported about 7 hours ago
Keefe, Bruyette & Woods has downgraded Berkshire Hathaway to 'underperform', citing issues such as declining car insurance margins at Geico, tariffs impacting trade, falling interest rates, reduced clean energy tax credits, and the anticipated leadership change from Warren Buffett to Greg Abel. Analyst Meyer Shields has also lowered the target price for Berkshire's Class A shares, which recently closed at $738,500. This downgrade comes as Berkshire's performance has lagged behind the S&P 500 by over 28 percentage points since the management change announcement.
Source: YAHOO