Keefe Bruyette raised the firm’s price target on Berkshire Hathaway (BRK.A) to $715,000 from $645,000 and keeps a Market Perform rating on the shares. The company’s Q2 operating earnings per share of $8,072 beat the Street’s $6,530 estimate , mostly reflecting higher than expected underwriting, investment, and other income and a lower than expected tax rate, the analyst tells investors in a research note. The firm expects the beat to rally the shares on Monday, tempered by soft non-Insurance earnings and slowing share repurchases.
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