Berkshire Hathaway (BRK.a) PT Lifted to $219,000 at Nomura

One day after Berkshire Hathaway (NYSE: BRK-A) stock passed above the $200,000 level for the first time ever, Nomura analyst Clifford Gallant is boosting to keep ahead of the stock. Gallant target goes up to $219,000.00 (from $208,000.00) based on an updated sum-of-the parts model. He said the stock can continue to outperform.

"Despite the recent outperformance versus insurance peers and the S&P 500, we continue to see upside in BRK.A and reiterate our Buy rating," he said. "We are raising our price target reflecting our updated sum-of-the parts model. In our sum-of-the-parts model, we utilize a mixed approach of price-to-book on the major underwriting businesses and price-to-earnings on the non-underwriting businesses. The list of potential acquisition targets globally, both public and private, is vast and we hesitate to speculate on what’s next. We’d note that Mr. Buffett has a predisposition for buying in the US, likes to increase stakes in current positions and favors relatively easy to understand business models with strong competitive advantages."

The firm lifted FY14E EPS from $9,971.97 to $9,971.88; FY15E EPS from $10,770.26 to $10,774.71.

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 $202850.00 yesterday.

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