UBS analyst Brian Meredith raised the firm’s price target on Berkshire Hathaway Class A to $621591 from $608000 and keeps a Buy rating on the shares. Insurance outperformed with strong underwriting results driven largely by reserve releases and lower than expected catastrophe losses, as well as better than expected NII, 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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BRK.A:
- Berkshire Hathaway target raised to $565,000 from $545,000 at Keefe Bruyette
- Berkshire Hathaway reports Q2 operating earnings of $10.04B vs. $9.42B last year
- Berkshire Hathaway price target raised to $405 from $377 at UBS
- What You Missed This Week in Video Games
- Buffet’s Berkshire cut Activision stake before merger approval, Reuters says