Berkshire shares just hit a record high on the back of a strong quarter, but analysts believe it's still not too late to buy Warren Buffett's conglomerate.
Berkshire Hathaway shares just hit a record high on the back of strong second quarter results, but Wall Street analysts believe it's still not too late to buy Warren Buffett's conglomerate. Investors cheered a strong quarterly repor t that showed a rebound in insurance operations as well as a massive cash hoard that swelled to nearly $150 billion. Berkshire's Class A shares climbed as much as 3.2% Monday to hit a record high of $550,660.
" 'Attractive entry point' Edward Jones analyst James Shanahan echoed that view, seeing earnings growth potential on the back of higher interest rates and additional investment activity. Omaha-based Berkshire's operating earnings on an array of businesses — from GEICO insurance to BNSF Railway, from Dairy Queen to See's Candies — totaled $10.043 billion last quarter, 6.6% higher than the same quarter a year ago. BRK.
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