Keefe Bruyette & Woods lowered its rating on Berkshire Hathaway to "Underperform" from "Market Perform" on October 27, 2025. The firm also adjusted its price target for the company's stock down to $700,000 from the previous target of $735,000. This action represents a more bearish outlook from the analyst on the conglomerate's future performance. Analyst ratings are a common occurrence in the market and provide insight into how financial experts view a company's prospects. While a downgrade can sometimes influence investor sentiment, its impact on a company of Berkshire Hathaway's size and stability is often moderate. There were no immediate, widely reported analyses of a significant market reaction to this specific downgrade.