Movement Alert|Berkshire Hathaway Rises 3.18% in Regular Trading, UBS Raises Price Target to $585

Market Focus
Jul 28

On July 28, Berkshire Hathaway Class B shares rose 3.18% in regular trading. The move came as UBS raised its price target on BRK.B from $570 to $585, maintaining a Buy rating, with the corresponding Class A target lifted from $854,596 to $877,848.

The upgrade follows Berkshire Hathaway's completion on July 24 of its acquisition of homebuilder Taylor Morrison for $72.50 per share in cash, representing a total equity value of approximately $6.8 billion and an enterprise value of roughly $8.5 billion. Taylor Morrison's brands, including Esplanade, Yardly, and Taylor Morrison Home Funding, will be integrated into Berkshire's site-built homebuilding operations under the continued leadership of CEO Sheryl Palmer. According to FactSet, Berkshire Hathaway currently carries an average analyst rating of Hold with a mean price target of $513.64, positioning UBS's revised target well above consensus.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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