Barclays Capital’s Bearish Forecast for GEICO is Unwarranted

Barclays Capital’s Bearish Forecast for GEICO is Unwarranted

Berkshire Hathaway has been attracting more analyst coverage in recent weeks due to the company’s inclusion in the Standard & Poor’s 500 and expanded institutional interest due to factors such as the Burlington Northern Santa Fe acquisition. Earlier this week, Barclays Capital initiated coverage on Berkshire with a price target of $88 on the Class B shares. The report makes predictions regarding all aspects of Berkshire’s businesses including forecasts for GEICO’s combined ratio in 2010 and 2011. The projections specific to GEICO seem excessively negative. Read this article for more details.

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