Berkshire Hathaway (BRK-A) Misses Q3 EPS by $107

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Berkshire Hathaway (BRK-a) PT Raised at UBS Despite Miss; Insurance Disappoints, but BNSF Improves

November 7, 2016 7:13 AM EST

UBS analyst Brian Meredith reiterated a Buy rating and lifted his price target on Berkshire Hathaway (NYSE: BRK-a) to $247,500.00 (from $245,500.00) despite operating EPS of $2,951, which was below UBSe of $3,215 and consensus $3,058. The analyst noted Weak Insurance results but sequential improvement.

Meredith commented, "The unfavorable variance from our estimate was driven primarily by lower than expected pre-tax... More