KBW Starts Coverage on Buffett's Berkshire Hathaway (BRK/a) at Outperform
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Keefe, Bruyette and Woods intiated coverage on Warren Buffett's Berkshire Hathaway Inc. "A" shares (NYSE: BRK.a) with an Outperform rating and $107,000 price target, citing a "value opportunity."
The firm said, "We are initiating coverage of Berkshire Hathaway Inc. (Berkshire) with an Outperform rating. Berkshire is a myriad collection of high quality businesses, particularly in insurance and reinsurance, with attractive long-term growth prospects. Despite negative marks in its derivative portfolio, the recent global financial turmoil has left Berkshire standing tall as one of the world's few financially sound institutions."
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