UBS has initiated Berkshire Hathaway (BRK-A) with a “Buy” rating.
“We believe that the current uncertain economic and market environment plays into the hands of BRK, with its structural advantages of permanent capital, strong cash generation and industry-leading portfolio of businesses,” UBS’s Brian Meredith said. “This enables BRK to make acquisitions and/or invest in its operating units despite challenging environments, positioning it to grow earnings and book value faster than the S&P 500.” |