Keefe, Bruyette & Woods Maintains Market Perform on Berkshire Hathaway Inc. Common Stock, Raises Price Target to $565000
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Meyer Shields maintains a 'Market Perform' rating on Berkshire Hathaway Inc. Common Stock (NYSE:BRK) and raises the price target from $545,000 to $565,000.
August 07, 2023 | 10:34 am
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Berkshire Hathaway's price target has been raised from $545,000 to $565,000 by Keefe, Bruyette & Woods, maintaining a 'Market Perform' rating.
The news of a raised price target typically has a positive impact on a stock as it indicates the analyst's increased confidence in the company's performance. However, the 'Market Perform' rating suggests that the stock is expected to perform similarly to the overall market, indicating a neutral outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100