Berkshire Hathaway price target raised to $595 from $591 at UBS

UBS raised the firm’s price target on Berkshire Hathaway (BRK.B) to $595 from $591 and keeps a Buy rating on the shares. The price target increase is largely driven by the insurance business, with a better expense ratio at GEICO and lower catastrophe losses for Berkshire Hathaway Re, the analyst tells investors in a research note.