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UBS Analyst Raises Berkshire Hathaway’s Class B Stock Target Amid Geico Optimism
UBS Analyst Raises Berkshire Hathaway’s Class B Stock Target Amid Geico Optimism
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UBS analyst Brian Meredith has upgraded Berkshire Hathaway’s Class B stock price target to $606 from $557, reflecting a 14% upside from Monday’s close. The revision follows improved loss ratios at Geico, a key holding in Warren Buffett’s portfolio.
Meredith maintains his buy rating, citing the stock as a ’safe haven’ despite macroeconomic turbulence. Geico’s resilience to potential tariff impacts under a Trump administration further bolsters the bullish case.
Berkshire’s Class B shares have already gained 18% year-to-date, outperforming broader market indices. First-quarter earnings estimates were also raised to $4.89 per share from $4.81.
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