UBS analyst Brian Meredith has reduced Berkshire Hathaway’s price target, citing lower expected investment income and no buybacks. Despite the cut, the firm maintains a ‘buy’ rating, highlighting Berkshire’s defensive business mix and massive cash reserves.
- Berkshire Hathaway's short-dated Treasury holdings surged 6.64% to $305.5 billion in Q1 2025, exceeding Taiwan's national reserves.
- The firm fully exited Citigroup and reduced stakes in Bank of America ($2.19B sale) and Capital One ($46.5M sale).
- UBS maintains a 'buy' rating despite the price target cut, citing Berkshire's $347B cash cushion and defensive portfolio.
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