Analyst: Berkshire Hathaway Stock Is a Buy
JPMorgan analyst Sarah Dewitt just started coverage on famed investor Warren Buffett's Berkshire Hathaway (NYSE: BRK-B) (NYSE: BRK-A), starting the stock with a buy rating. The analyst's optimistic take on Berkshire stock interestingly follows a bullish run recently. Shares are up about 24% in the past year, outperforming the S&P 500's 18% rise during the same period. But she's still betting there's upside.
Is there substance to Dewitt's bullish call on Berkshire stock? Let's have a closer look.
BNSF Railway is one of Berkshire's target subsidiaries. Image source: BNSF.
Source: Fool.com
