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Investing.com - Keefe, Bruyette & Woods raised its price target on Berkshire Hathaway (NYSE:BRKa) (NYSE:BRK-A) to $740,000 from $735,000 on Monday, while maintaining a Market Perform rating on the stock.
The price target increase follows Berkshire Hathaway’s second-quarter 2025 operating earnings per share of $7,760, which exceeded the Street’s estimate of $7,508 and KBW’s forecast of $7,428.
The earnings beat primarily reflected stronger-than-expected performance in BNSF railway operations, manufacturing, service and retail segments, along with favorable tax outcomes and noncontrolling interests.
These positive factors were partially offset by weaker results in insurance underwriting and investments, as well as utilities and energy segments, according to KBW’s analysis.
The research firm has raised its earnings per share estimates for Berkshire to $31,725 for 2025 and $32,430 for 2026, up from previous projections of $30,850 and $32,185 respectively, while introducing an initial 2027 EPS estimate of $34,430.
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