Berkshire cut to 'underperform' by KBW, which cites Geico, tariffs, Buffett
Update: 2025-10-27
Description
Berkshire Hathaway downgraded! Is Buffett's departure to blame? Investment firm Keefe, Bruyette & Woods cites falling car insurance profits, tariff risks, and leadership change as reasons for concern, slashing the price target on Berkshire's stock. With Geico facing rising claims and BNSF exposed to trade tensions, can Greg Abel navigate Berkshire through these challenges post-Buffett? Investors brace for the Nov. 1 earnings report.
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