Keefe Bruyette raised the firm’s price target on Berkshire Hathaway (BRK.B) (BRK.A) to $775,000 from $750,000 and keeps a Market Perform rating on the shares. The company’s Q4 operating earnings per share of $10,102 beat the Street’s $6,932 estimate, reflecting higher than expected property and casualty underwriting and Insurance investment income and higher-than-expected “other” earnings, the analyst tells investors in a research note. The firm increased Berkshire’s earnings estimates post the results.
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