This Warren Buffett Stock Has 22% Downside, According to 1 Wall Street Analyst
Sirius XM (NASDAQ: SIRI) has been an equity holding of Warren Buffett's investment vehicle Berkshire Hathaway for years. Not everything the star investor touches turns to gold, however, and the satellite radio broadcaster is poised to keep being an underperformer.
At least, that's the call of one prognosticator tracking Sirius XM's fortunes. He thinks the company's shares are a sell, as they're standing in front of a double-digit price decline.
On April 1, Wells Fargo analyst Steven Cahall drastically cut his price target on Sirius XM stock. He chopped it by 33%, reducing it to $3 per share. That's 22% below Sirius XM's most recent closing price, so at the risk of stating the obvious, Cahall rates the stock an underweight (i.e., sell).
Source Fool.com
Berkshire Hathaway Inc. A Stock
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 2.28% compared to the current price of 635500.0 € for Berkshire Hathaway Inc. A.
