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Berkshire Hathaway Analyst Raises Forecasts After Q1 Results — But Remains Cautious

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Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) shares have climbed steeply year-to-date, but have lost close to 4% over the past month.

The company’s recent earnings beat was driven mainly by GEICO’s significant margin expansion, according to Keefe, Bruyette & Woods.

The Berkshire Hathaway Analyst: Meyer Shields maintained a Market Perform rating on Berkshire Hathaway while raising the price target from $645,000 to $660,000.

The Berkshire Hathaway Thesis: While the company reported its first-quarter operating earnings at $7,796 per share, surpassing …

Full story available on Benzinga.com

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