Diamond Member Pelican Press 0 Posted May 3, 2024 Diamond Member Share Posted May 3, 2024 Buy ‘undervalued’ Berkshire Hathaway shares ahead of ‘Woodstock for Capitalists,’ says CFRA Before billionaire investor Warren Buffett takes the stage at Berkshire Hathaway’s annual meeting on Saturday, investors may want to scoop up some of his stock, according to CFRA. In addition to a question-and-answer session with the 93-year-old Oracle of Omaha, the company will release its first-quarter financial results Saturday morning. “CFRA believes Berkshire Class B shares are undervalued versus historical averages, and we expect improved claim trends at GEICO and strong reinsurance results will provide the shares with a catalyst for continued outperformance,” analyst Catherine Seifert wrote in a note Thursday. BRK.B 1Y mountain Berkshire Hathaway year to date Her $472 price target on class B shares suggest nearly 18% upside from Thursday’s close. The meeting in Omaha, Nebraska, has been dubbed “Woodstock for Capitalists” thanks to the tens of thousands of investors who flock to hear Buffett speak. During the Q & A session, Seifert expects topics to include succession planning, given Charlie Munger’s recent passing and Buffett’s age, and its strategies on Geico, energy and acquisition. There will also be several shareholder proposals set forth, most centered around climate change and diversity and unlikely to pass, she said. This is the hidden content, please Sign In or Sign Up Warren Buffett,Berkshire Hathaway Inc,Berkshire Hathaway Inc,Warren Buffett,Stock markets,Investment strategy,business news #Buy #undervalued #Berkshire #Hathaway #shares #ahead #Woodstock #Capitalists #CFRA This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/26071-buy-%E2%80%98undervalued%E2%80%99-berkshire-hathaway-shares-ahead-of-%E2%80%98woodstock-for-capitalists%E2%80%99-says-cfra/ Share on other sites More sharing options...
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