Buffett's Berkshire Gets a Stock Target Boost After “Best Annual Meeting in Years”

Investing.com2023-05-09

Berkshire Hathaway 's stock target is raised at UBS after the investment behemoth delivered better-than-expected earnings.Analysts also lauded “the best annual meeting in years” given the quality of ...

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This is a positive for PGR.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;3) BNSF margins (have improved but) still lag its peers as the company balances savings with customer service;4) Berkshire does not plan on buying Occidental (NYSE:OXY); and5) Buffet has structured the distribution of his BRK ownership so that it will take 10-15 yrs for it to be fully distributed.\"Finally, the analysts continue to see BRK shares as “an attractive play in an uncertain macro environment.”“We estimate shares trade at a ~15% discount to intrinsic value,” the analysts said in a client note.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":22,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2333923168"}