{"id":6154,"date":"2023-05-09T06:38:24","date_gmt":"2023-05-09T10:38:24","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/buffetts-berkshire-gets-a-stock-target-boost-after-best-annual-meeting-in-years\/"},"modified":"2023-05-09T06:38:24","modified_gmt":"2023-05-09T10:38:24","slug":"buffetts-berkshire-gets-a-stock-target-boost-after-best-annual-meeting-in-years","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=6154","title":{"rendered":"Buffett’s Berkshire gets a stock target boost after ‘best annual meeting in years’"},"content":{"rendered":"
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\u00a9 Reuters. Buffett’s Berkshire (BRK) gets a stock target boost after ‘best annual meeting in years’<\/span>
\n<\/i>\n<\/div>\n

Berkshire Hathaway <\/span><\/span>‘s (NYSE:) (NYSE:) stock target is raised at UBS after the investment behemoth delivered better-than-expected .<\/p>\n

Analysts also lauded \u201cthe best annual meeting in years\u201d given the quality of questions and insightful answers.<\/p>\n

As a result, the price target goes to $565,580, offering a ~11% upside potential from current levels. Berkshire shares are up about 1.5% on Monday.<\/p>\n

Warren Buffett\u2019s company reported an operating income of $5,537 for “A” shares and $3.69 for “B” shares”.<\/p>\n

As for the shareholder meeting, the analysts’ key takeaways include:<\/p>\n

\u201c1) GEICO needing an upgrade in technology, data and analytics with more work necessary to return to target profitability (96% combined ratio). This is a positive for PGR.<\/p>\n

2) Berkshire Re not writing significant property cat at 1\/1 renewals, but instead significantly increasing exposure at 4\/1 to Florida reflective of the “hardening” property cat reinsurance market;<\/p>\n

3) BNSF margins (have improved but) still lag its peers as the company balances savings with customer service;<\/p>\n

4) Berkshire does not plan on buying Occidental (NYSE:); and<\/p>\n

5) Buffet has structured the distribution of his BRK ownership so that it will take 10-15 yrs for it to be fully distributed.”<\/p>\n

Finally, the analysts continue to see BRK shares as \u201can attractive play in an uncertain macro environment.\u201d<\/p>\n

\u201cWe estimate shares trade at a ~15% discount to intrinsic value,\u201d the analysts said in a client note.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Buffett’s Berkshire (BRK) gets a stock target boost after ‘best annual meeting in years’ Berkshire Hathaway ‘s (NYSE:) (NYSE:) stock target is raised at UBS after the investment behemoth delivered better-than-expected . Analysts also lauded \u201cthe best annual meeting in years\u201d given the quality of questions and insightful answers. As a result, the […]<\/p>\n","protected":false},"author":1,"featured_media":6155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-6154","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nBuffett's Berkshire gets a stock target boost after 'best annual meeting in years' | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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