Keefe, Bruyette & Woods Upgrades Berkshire Hathaway (BRK-A) to Outperform; A Good Market for BRK

Keefe, Bruyette & Woods upgraded Berkshire Hathaway (NYSE: BRK-A) to Outperform with a price target of $133,000.00.

KBW analyst says, "BRK beat our estimates in both underwriting and non-insurance businesses. The cash position remains substantial at $43b (prior to the closing of $9b Lubrizol). Raising our 2011 EPS and maintaining $133,000 target. With tremendous financial strength and relatively steady operating earnings, we view BRK as increasingly attractive amid worried financial markets and we upgrade the shares to Outperform."

For more ratings news on Berkshire Hathaway click here and for the rating history of Berkshire Hathaway click here.

Shares of Berkshire Hathaway closed at $107300.00 yesterday.

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