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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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