Berkshire Hathaway Inc. (BRK-B) Misses, Morgan Stanley Reiterates In-Line

Morgan Stanley analyst Michael Phillips reiterated an Equalweight rating and $217.00 price target on Berkshire Hathaway Inc. (NYSE: BRK-B) after Operating EPS of $2.50 missed consensus of $2.58 due to a $333m miss in underwriting results and lower than expected share repurchases.

The analyst stated "The company repurchased $442m worth of shares in the quarter, a sizeable miss compared to our forecast of $2.5b, and 1Q19's $1.7b. Berkshire has pledged $10b to support Occidental's planned acquisition of Anadarko, potentially serving as a near-term drag on repurchases".

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

Shares of Berkshire Hathaway Inc. closed at $199.00 yesterday.

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