Berkshire cut to ‘underperform’ by KBW, which cites Geico, tariffs, Buffett

Berkshire Hathaway downgraded to Underperform at KBW as GEICO underwriting margins peak (BRK.B:NYSE)

KBW downgrades Berkshire Hathaway (BRK.A) to Underperform, citing GEICO margin peaks and tariff pressures.

Berkshire cut to ‘underperform’ by KBW, which cites Geico, tariffs, Buffett

By Jonathan Stempel (Reuters) -Berkshire Hathaway has been downgraded to “underperform” by Keefe, Bruyette & Woods, which said lower car insurance margins, tariffs, falling interest rates, smaller clean energy tax credits and Warren Buffett’s departure will weigh on its share price. KBW analyst Meyer Shields, who had rated Berkshire “market perform,” also cut his target price for the Omaha, Nebraska-based conglomerate’s Class A shares to $700,00…