Berkshire could rise as much as 45 percent: Barron's
Reuters – 1 hour 55 minutes ago
(Reuters) - Shares in Warren Buffett's Berkshire Hathaway (NYS:BRK.A) could rise as much as 45 percent, according to a Barron's story that cites an investor in the company.
After a roughly 7 percent decline in the company's shares over the last 12 months, the stock looks "unusually attractive", Barron's said in its March 5 edition.Chief Investment Officer David Rolfe -- whose firm Wedgewood Partners owns Berkshire stock -- thinks the shares are worth at least $170,000 each, Barron's said. That would be 44.9 percent higher than the company's Friday close of $117,350 on the New York Stock Exchange.
While two Wall Street analysts are less bullish, they too expect the shares to rise, according to Barron's. The magazine cited a $133,000 share price target from Cliff Gallant at KBW and a $127,500 target from Jay Gelb at Barclays Capital. end quote from:
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