Warren Buffett 's Berkshire Hathaway has a new Wall Street analyst covering its stock, and he has mixed feelings about the conglomerate.
The analyst thinks Berkshire is grappling with weakness in its noninsurance businesses including railroad, utilities service and retail, while its insurance operations continue to outperform.
"Berkshire Hathaway's old-school conglomerate structure has faced challenges in a number of key areas of late despite being powered by an insurance business that continues to shine," Kligerman said in a note.
Berkshire's insurance business has been a bright spot for the conglomerate.
Correction: Of the seven analysts covering Berkshire, three have a hold rating, according to CNBC's research.
Persons:
Warren Buffett, Berkshire Hathaway, Cowen's Andrew Kligerman, Berkshire, Kligerman, — CNBC's Michael Bloom
Organizations:
Berkshire, BNSF
Locations:
Omaha , Nebraska, Berkshire, U.S