Berkshire Hathaway shares are near all-time highs, but concerns linger

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Berkshire Hathaway shares are near all-time highs, but concerns linger

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for Berkshire. CFRA’s Seifert, for example, has a buy rating on the company. Her 12-month price target of $472 implies Berkshire shares can climb roughly 18% from Thursday’s closing price of $400.60 per share. She noted that many of Berkshire’s businesses are likely to benefit when the Federal Reserve cuts interest rates. “I think it’s safe to say that interest rates are stable,” said Seifert. “And, in a stable to declining interest rate environment, a lot of Berkshire’s economically sensitive businesses should do reasonably well.” On the other hand, Shanahan has had a hold rating on Berkshire since September, saying he is looking for a more attractive entry point to get back into the name after its outperformance. “We like the company and it’s a name we’ll probably come back to at some point, especially if we wanted to reposition one of our strategies more defensively, but it ******** hold rated,” Shanahan said. Ultimately, however, when it comes to the future of Berkshire Hathaway, investors anticipate the conglomerate is well positioned for the future given its attractive and diverse mix of businesses, its strong balance sheet and cash reserves, and the culture of stewardship fostered at the company. “I think that the future is very bright for Berkshire Hathaway,” Shanahan said. This year’s so-called “Woodstock for Capitalists,” held in Omaha, Nebraska, will be exclusively broadcast and live streamed by CNBC. Our special coverage will begin Saturday at 9:30 a.m. ET.

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