Berkshire Hathaway Given “Outperform” Rating at Zacks (BRK)
Berkshire Hathaway (NYSE:BRK)‘s stock had its “outperform” rating restated by Zacks in a report issued on Friday, AnalystRatingsNetwork reports. They currently have a $136.00 price target on the stock.
Zacks‘ analyst wrote, “Berkshire Hathaway has shown a favorable earnings performance over the past many quarters. All its segments – Insurance, Railroad, Utilities and Energy, Manufacturing, Service and Retailing as well as Finance and Financial products have been reporting earnings growth. Though the company witnessed fluctuating earnings between the quarters due to heavy exposure to stock option derivatives, most of these gains/losses are unrealized. Also lack of clarity regarding chairman Buffett’s succession prevails. Nevertheless a solid balance sheet, adequate liquidity and continuing trend of growing book value are the other positives. We, hence maintain our Outperform recommendation on Berkshire Hathaway. “
Berkshire Hathaway Inc (NYSE:BRK) is a holding company owning subsidiaries engaged in a number of diverse business activities.
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