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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRK.B:
- Kraft Heinz sees ongoing evaluation of strategic transactions, board reduction
- Gates Foundation Trust Reduces Stake in Berkshire Hathaway
- Pacifica Capital Reduces Stake in Berkshire Hathaway
- Semper Augustus Boosts Stake in Berkshire Hathaway B
- Tweedy Browne CO LLC Reduces Stake in Berkshire Hathaway B
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue