Berkshire downgraded to ‘underperform’ by KBW, citing Geico, tariffs and Warren Buffett’s departure

Berkshire Hathaway has been downgraded to “underperform” by Keefe, Bruyette & Woods, which said lower auto insurance margins, rates, falling interest rates, smaller tax breaks for clean energy and the departure of Warren Buffett will weigh on its stock price. KBW analyst Meyer Shields, who had rated Berkshire a “market perform,” also cut his price […]