Berkshire Hathaway (BRK-a) PT Raised to $281,500 at UBS

UBS analyst Brian Meredith reiterated a Buy rating and raised his price target on Berkshire Hathaway (NYSE: BRK-A) to $281,500.00 (from $247,500.00) ($188 for Class B shares) Wednesday. The analyst cited a generally favorable outlook for Berkshire's Non-Insurance operations and modestly better outlook for the Insurance operations.

Meredith commented, "BRK.A was among the best performers in our coverage in 2016, up 23.4% compared to +18.9% for the UBS P&C Index and +9.5% for the S&P 500. We expect the outperformance to continue in 2017 as the outlook for its major segments improves and upside remains from corporate tax reform and infrastructure spending. BNSF should see better results in 2017 as rail volumes have begun to grow y/y after doubledigit declines in 2016. Manufacturing operations should benefit from any uptick in economic growth and energy sector capital expenditures, and the secondary market for aerospace components remains robust, supporting results at Precision Castparts. Finally, with $85bb of cash as of 3Q16, we see potential for another large acquisition in 2017."

For an analyst ratings summary and ratings history on Berkshire Hathaway click here. For more ratings news on Berkshire Hathaway click here.

Shares of Berkshire Hathaway closed at $242077.00 yesterday.

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