Several Brokerage Firms Change Rating on Burlington Northern Sante Fe (BNI) Day After Warren Buffett Steps In
J.P. Morgan downgrades Burlington Northern Sante Fe (NYSE: BNI) from Overweight to Neutral. Price target lowered from $103 to $100.
UBS downgrades BNI from Buy to Neutral.
BB&T downgrades BNI from Buy to Hold
However, RBC, upgrades BNI from Underperform to Sector Perform, raising price target from $87 to $100.
NOTE, yesterday, Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) offered to acquire BNI at $100 per share. Buffett said that BNI's board of directors deliberated over the deal and approved the merger in 15 minutes.
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