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Berkshire Hathaway Downgraded Amid Succession and Earnings Concerns

10/27/2025

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Summary

Story summary

Keefe, Bruyette & Woods downgraded Berkshire Hathaway to underperform, citing Warren Buffett's succession concerns, and lowered the price target from $740,000 to $700,000.
Analysts cited lower car insurance margins, tariffs, and reduced clean energy tax credits as pressures.
Berkshire's stock has lagged the Standard & Poor's 500 Index (S&P 500) since Buffett's departure, and Berkshire will report third-quarter earnings with expectations of further declines.

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Story summary

Keefe, Bruyette & Woods downgraded Berkshire Hathaway to underperform, citing Warren Buffett's succession concerns, and lowered the price target from $740,000 to $700,000.
Analysts cited lower car insurance margins, tariffs, and reduced clean energy tax credits as pressures.
Berkshire's stock has lagged the Standard & Poor's 500 Index (S&P 500) since Buffett's departure, and Berkshire will report third-quarter earnings with expectations of further declines.