UBS Remains Confident in Berkshire Hathaway (BRK-B), Cites Long-Term Strength

Core Insights - Berkshire Hathaway Inc. (NYSE: BRK-B) is highlighted as one of the 13 best Fortune 500 stocks to invest in, driven by significant hedge fund interest [1] Financial Performance - UBS has reduced its price target for Berkshire Hathaway from $597 to $593 while maintaining a "Buy" rating, reflecting confidence in the company's long-term strength [2] - UBS raised its Q3 EPS estimate for Berkshire Hathaway to $5.89 from $5.57, attributing this to strong performance in the insurance segment, particularly GEICO's improved loss ratio and lower catastrophe losses in reinsurance [3] - The firm also increased its full-year EPS forecast to $20.78, expecting a 2.1% sequential increase in book value per share due to investment gains [4] Operational Insights - Berkshire Hathaway operates in multiple sectors including insurance, rail transportation, utilities, manufacturing, retail, energy, reinsurance, and consumer goods [5] - The reduction in price target is influenced by softer margins at BNSF railroad, which are impacted by higher fuel costs and sluggish volumes [4]