Buffett's Berkshire Hathaway trouncing the market this year and near a record heading into shareholder meeting

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Berkshire Hathaway Inc Nouvelles

Berkshire Hathaway Inc,Stock Markets,Markets

The conglomerate's core insurance business is boosting the company's earnings, but energy remains a risk.

Berkshire Hathaway shares are near all-time highs ahead of the conglomerate's annual shareholder meeting, but a few worries are weighing on analysts' minds. Berkshire's Class A and B shares have each outperformed this year. In March, the firm's Class A shares reached an all-time closing high of $634,440. They ended Thursday's session at an eye-watering $606,413.44, up more than 11% year to date.

Research, adding, "I think recent circumstances have probably forced them into situations that they would prefer not be in." Berkshire Hathaway Energy Berkshire Hathaway has been contending with several high-profile lawsuits in recent months, including the settlement this year of a billion-dollar lawsuit with the Haslam family over how Berkshire valued Pilot Travel Centers, a truck-stop giant.

's Seifert, who has a buy rating on the stock, said the wildfire risk is "ultimately manageable" given the size and scale of Berkshire. Meanwhile, Seifert expects railroads, which demonstrated some weakness last year amid wage negotiations, are "stable." Geico Another potential area to monitor is Geico, Edward Jones' Shanahan said.

's Seifert, for example, has a buy rating on the company. Her 12-month price target of $472 implies Berkshire shares can climb roughly 18% from Thursday's closing price of $400.60 per share. She noted that many of Berkshire's businesses are likely to benefit when the Federal Reserve cuts interest rates. "I think it's safe to say that interest rates are stable," said Seifert.

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