
Buffett's investment flagship Berkshire Hathaway (BRK) rarely receives a "sell" rating from analysts
According to a report by Bloomberg, the investment flagship Berkshire Hathaway (BRK.A.US)(BRK.B.US) of investment guru Warren Buffett has rarely been given a "sell" investment rating by analysts, focusing on the company's earnings outlook, the situation after Buffett's retirement next year, and macro risks.
Brokerage Keefe, Bruyette & Woods downgraded the investment rating of the company's Class A shares from "market perform" to "underperform," indicating that many things at the company are heading in the wrong direction. The firm is concerned about surrounding macro uncertainties and the company's unique succession issues, and also expects the stock price to "underperform" amid ongoing earnings challenges. This firm is the only one among the six brokerages covering Berkshire Hathaway that has given a "sell" rating.
Berkshire Hathaway previously announced that Vice Chairman Greg Abel will take over from Buffett as CEO starting next year. The company's Class B shares have risen 7.8% this year, underperforming the S&P 500 index's 16% increase
