Reported 2 days ago
UBS has revised its price target for Berkshire Hathaway Inc. (BRK-B) from $597 to $593 while maintaining a Buy rating. This adjustment follows an increase in Q3 EPS estimates due to strong performance from its insurance divisions. Despite the price target cut, the potential upside is significant at over 21%, surpassing consensus estimates. However, the stock's performance has lagged behind the S&P 500 this year, and investor concerns have arisen due to Buffett's upcoming retirement.
Source: YAHOO