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ubs raises price target for berkshire hathaway amid strong earnings outlook

UBS has raised its price target for Berkshire Hathaway shares to $538, citing a 1% discount to intrinsic value and improved underwriting results. Despite a projected increase in catastrophe losses from Hurricane Milton, the company reported a 26% profit increase in the first half of the year, totaling $22.8 billion. Berkshire's diverse investments, including significant stakes in Apple and American Express, contributed to a 7% growth in its common equity portfolio in Q3.
17:40 21.10.2024

UBS raises Berkshire Hathaway price target amid mixed earnings outlook

UBS has raised its price target for Berkshire Hathaway shares to $538, citing a 1% discount to intrinsic value and improved underwriting results. Despite a projected increase in catastrophe losses from Hurricane Milton, the company reported a 26% profit increase in the first half of the year, totaling $22.8 billion. Berkshire's diverse investments, including significant stakes in Apple and American Express, continue to bolster its market position, although its market cap recently dipped below $1 trillion.
17:29 21.10.2024

ubs raises price target for berkshire hathaway amid mixed earnings outlook

UBS has increased its price target for Berkshire Hathaway shares from $506 to $538, citing a 1% discount to intrinsic value and improved underwriting results. Despite a projected rise in catastrophe losses from Hurricane Milton affecting fourth-quarter earnings, the company reported a 26% increase in first-half earnings to $22.8 billion. Berkshire's market cap briefly surpassed $1 trillion, and analysts expect a 7% rise in its common stock portfolio, driven by gains in Apple, American Express, and Coca-Cola.
17:24 21.10.2024
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