From Financial Modeling Prep: 2024-10-21 13:55:00

UBS analysts raised Berkshire Hathaway’s price target to $538, citing stock trading at a discount. Forecast for Q3 earnings increased due to improved underwriting and lower catastrophe losses estimate.

Despite positive Q3 outlook, UBS warns of potential earnings pressure in Q4 from Hurricane Milton. Insurance, including Geico and Chubb stake, remains crucial to Berkshire’s business.

Berkshire’s diverse portfolio, including railroads and banking, saw a 7% growth in Q3. UBS highlights strong performance in Apple, American Express, and Coca-Cola holdings.

UBS predicts Berkshire will buy back $1.9 billion in shares, showing confidence in long-term value. Strong portfolio performance and capital management led to higher price target of $538.



Read more at Financial Modeling Prep:: Berkshire Hathaway’s Price Target Boosted at UBS