No. of Recommendations: 5
While I continue to "hold the damn stock,", Wall Street appears to be saying "buy the damn stock" which probably is contributing to the pop today;-) Snippet from Barron's:
Two Wall Street analysts—Meyer Shields of KBW and Brian Meredith of UBS—raised their price targets on Berkshire.
“Geico appears to have firmly turned the corner with strong sequential growth in policies in force and continued attractive underwriting margins,” wrote UBS analyst Brian Meredith. Geico’s underwriting margin was about 19% in the period and for the year, way ahead of its target of around 5%. Meredith, who has a Buy rating on the stock, lifted his price target on the Class A shares to $836,135 from $803,444. He boosted his 2025 earnings estimate to $31,565 from $30,297 per Class A share, a roughly 5% increase. Berkshire Hathaway now trades for about 23 times that estimate.
Shields boosted his price target on Class A stock to $775,000 from $750,000, and lifted his earnings-per-share estimate for 2025 to $31,600 from $30,140. He maintains a Market Perform rating on the stock.
