Market Overview

Keefe, Bruyette & Woods Raises Price Target On Berkshire Hathaway


Keefe, Bruyette & Woods reiterated its Market Perform rating on Berkshire Hathaway Inc. (NYSE: BRK-A) and raised its price target from $210,000 to $220,445.

According to analysts led by Meyer Shields, the company’s Q3 2014 "operating EPS of $2,876 beat the Street’s $2,560 estimate and our $2,654 estimate."

"Insurance profits (including a $301 million F/X benefit on loss reserves) and premium volumes, Finance and Financial Products, Railroad, Energy, and Utilities and the tax rate were better than expected, partly offset by weakness in Manufacturing, Service and Retailing and lower-than-expected net investment income."

The report concluded by "raising our 2014E EPS to $10,145 from $9,920 and our 2015E and 2016E EPS to $10,680 and $11,465 from $10,650 and $11,395, respectively, to reflect the 3Q14 beat, and higher projected Finance and Financial Products earnings, offset by lower assumed Berkshire Hathaway Energy earnings."

Berkshire Hathaway recently traded at $216,820, up 0.86 percent.

Posted-In: Keefe Bruyette & Woods Meyer ShieldsAnalyst Color Price Target Reiteration Analyst Ratings


Related Articles (BRK-A)

View Comments and Join the Discussion!

Latest Ratings

ADBECleveland ResearchInitiates Coverage On283.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

4 Takeaways From Brean Capital's Note On Alibaba

What To Expect From Alibaba And The World's Largest E-Commerce Sale