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KBW Starts Coverage on Buffett's Berkshire Hathaway (BRK/a) at Outperform

June 29, 2009 7:20 AM EDT
BRK.a Hot Sheet
Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23

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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