Berkshire Hathaway Inc. (BRK-B) PT Raised to $557 at UBS

UBS analyst Brian Meredith raised the price target on Berkshire Hathaway Inc. (NYSE: BRK-B) to $557.00 (from $536.00) while maintaining a Buy rating.

The analyst commented, "We expect a positive reaction to the earnings beat led by strong results in insurance across the board (GEICO, BH Re and BH Primary). NII was also better than expected. We continue to believe BRK's shares are an attractive stock in an uncertain macro environment, while insurance fundamentals remain strong and with good margin visibility. We estimate BRK shares currently trade at a ~1% premium to intrinsic value."

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