Several Brokerage Firms Change Rating on Burlington Northern Sante Fe (BNI) Day After Warren Buffett Steps In

November 4, 2009 7:52 AM EST

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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BNI 98.49

+0.03 +0.03%
Volume: 1,269,065
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BRK-A 100029.90

-420.10 -0.42%
Volume: 629
Track BRK-A


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