由于Geico损失、BNSF关税、低税率、减税和Buffett的退出,KBH降级;库存业绩不佳S & P 500。 KBH downgraded due to Geico losses, BNSF tariffs, low rates, tax credit cuts, and Buffett’s exit; stock underperforms S&P 500.

Keefe， Bruyette & Woods 将伯克希尔哈撒韦公司的评级下调至“表现不佳”，理由是 Geico 保险利润率下降、BNSF 铁路面临关税相关压力、利率下降损害其大量现金持有的回报、清洁能源税收抵免减少以及沃伦·巴菲特即将于 1 月辞去首席执行官职务。 Keefe, Bruyette & Woods downgraded Berkshire Hathaway to "underperform," citing declining Geico insurance margins, tariff-related pressures on BNSF railroad, falling interest rates hurting returns on its massive cash holdings, reduced clean energy tax credits, and the upcoming departure of Warren Buffett as CEO in January. 分析家Meyer Shields也将BerkshireA级股份的价格目标降低至700,000美元。 Analyst Meyer Shields also lowered his price target for Berkshire’s Class A shares to $700,000. 自巴菲特于5月宣布继任以来,该股票的销售额已接近738 500美元,比S&P 500低了28个百分点以上。 The stock, trading near $738,500, has underperformed the S&P 500 by over 28 percentage points since Buffett’s succession announcement in May. Berkshire定于11月1日发布第三季度结果。 Berkshire is set to release third-quarter results on November 1.