Berkshire Hathaway Class B price target lowered to $591 from $606 at UBS

UBS analyst Brian Meredith lowered the firm’s price target on Berkshire Hathaway (BRK.B) Class B shares to $591 from $606 and keeps a Buy rating on the shares. UBS continues to believe Berkshire Hathaway shares are attractive in an uncertain macro environment with $347B of cash and short-term investments, a defensive business mix, and manageable tariff exposure, the analyst tells investors in a research note.