Berkshire Hathaway Inc. (BRK.B) Upgraded at Zacks Investment Research

Berkshire Hathaway Inc. (NYSE:BRK.B) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Berkshire Hathaway’s inorganic story remains impressive with strategic acquisitions. Continues investment through strategic acquisition testifies confidence in business environment post new President elect. The strong cash position also allows it to make earnings-accretive bolt-on acquisitions. Demand for utilities is expected to be strong in the future and drive earnings growth. A continued insurance business growth fuels increase in float. A sturdy capital level adds to the overall strength as well. Capital expenditure for 2017 is estimated to be $6.5 billion in 2017. However, Berkshire Hathaway’s exposure to catastrophe losses, Buffett’s succession and huge capital expenses on account of its railroad operations remain headwinds. Shares of Berkshire Hathaway have underperformed the Zacks categorized Property and Casualty industry quarter to date. The company did not witness any earnings momentum over the last 30 days.”

Other equities analysts have also recently issued research reports about the company. Vetr raised Berkshire Hathaway from a “hold” rating to a “buy” rating and set a $177.41 price objective for the company in a research report on Wednesday, June 21st. Evercore ISI reissued an “underweight” rating on shares of Berkshire Hathaway in a research report on Monday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Berkshire Hathaway currently has an average rating of “Hold” and a consensus price target of $168.71.

TRADEMARK VIOLATION WARNING: This article was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/2674864/berkshire-hathaway-inc-brk-b-upgraded-at-zacks-investment-research.html.

Berkshire Hathaway Company Profile

Get a free copy of the Zacks research report on Berkshire Hathaway (BRK.B)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Berkshire Hathaway Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkshire Hathaway Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
Shares at Radius Jump as Bone Drug of Amgen Has Setback
Shares at Radius Jump as Bone Drug of Amgen Has Setback


© 2006-2017 Ticker Report. Google+.