Berkshire Hathaway price target lowered to $866,429 from $880,905 at UBS

UBS lowered the firm’s price target on Berkshire Hathaway (BRK.A) Class A to $866,429 from $880,905 and keeps a Buy rating on the shares. Although quarterly results were softer than expected and the re/insurance outlook remains cautious amid competitive pricing, shares are expected to outperform in a volatile geopolitical backdrop given their defensive profile, the analyst tells investors in a research note. The company benefits from diversified earnings, strong liquidity, and U.S.-focused operations, with management likely prioritizing margin improvement at BNSF, retention gains at GEICO while preserving profitability, and disciplined navigation of re/insurance pricing through 2026-2027, the firm says.