No. of Recommendations: 1
UBS analyst Brian Meredith Tuesday lifted his price target on the A shares by 3% to $877,848 from $854,596, while maintaining a Buy rating on the stock.
UBS’s Meredith lifted his 2026 and 2027 estimates for the Berkshire B shares by 1.3% and 0.8% to $21.05 and $21.32, respectively, citing “modestly higher earnings at BNSF and lower catastrophe losses” in the second quarter. His price target is about 15% above the current stock price. He pegs Berkshire’s intrinsic value at nearly $800,000 per class A share, about 5% above the current price.
This report is really dumb! Not a profile in courage to lift PT by 3% and earnings by 1.3%.
And his PT is above intrinsic value by 10%!! This "report" is not worth as much as toilet paper which has far better uses.
