UBS Maintains Buy on Berkshire Hathaway, Raises Price Target to $435
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brian Meredith has reaffirmed a Buy rating on Berkshire Hathaway and increased the price target from $410 to $435.
January 24, 2024 | 3:09 pm
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POSITIVE IMPACT
UBS analyst Brian Meredith maintains a Buy rating on Berkshire Hathaway and raises the price target to $435.
The increase in price target by a reputable analyst typically signals a positive outlook on the stock, suggesting potential upside. This can lead to increased investor confidence and a possible short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
UBS analyst Brian Meredith maintains a Buy rating on Berkshire Hathaway and raises the price target to $435, which also implies a positive outlook for BRK/B shares.
Since BRK/B is a class of Berkshire Hathaway's stock, the raised price target and maintained Buy rating for the company positively affect BRK/B shares as well. This endorsement is likely to contribute to a short-term increase in BRK/B's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100