TD Cowen Reiterates Hold Rating on Berkshire Hathaway (BRK), 'Big Shoes to Fill for Abel'

TD Cowen analyst Andrew Kilgerman reiterated a Hold rating on Berkshire Hathaway (NASDAQ: BRK).

The analyst commented: "As expected, numerous discussions revolved around Mr. Abel's succession and capabilities in fulfilling Warren Buffett's larger-than-life persona. When asked who his own "Charlie Munger" would be, Mr. Abel cited the numerous outstanding CEOs within BRK's family acting as his thought partners, the Board, and Mr. Buffett himself. Mr. Abel also stresses BRK's decentralized culture will not change, and it will always continue to prioritize strategic capital allocation through the conglomerate model."

For an analyst ratings summary and ratings history on Berkshire Hathaway click here. For more ratings news on Berkshire Hathaway click here.

Shares of Berkshire Hathaway closed at $0.30 yesterday.

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