UBS analyst Brian Meredith raised the firm’s price target on Berkshire Hathaway (BRK.A) Class A shares to $892,120 from $887,099 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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRK.A:
- Berkshire Hathaway price target raised to $595 from $591 at UBS
- Buffett tells CNBC has not spoken to Goldman about rail deal
- BNSF working with Goldman to explore rail acquisition, Semafor says
- Berkshire Hathaway price target lowered to $887,099 from $909,218 at UBS
- Berkshire Hathaway Class B price target lowered to $591 from $606 at UBS