Berkshire Hathaway buyback binge fuels UBS price target hike ahead of earnings

UBS has raised its price target for Berkshire Hathaway's Class A and Class B shares, citing substantial share buybacks and improved second-quarter earnings estimates. The bank increased its Q2 2026 earnings per share estimates by 3% for both share classes, attributing this to significant repurchases, stronger performance from BNSF railroad, and lower catastrophe losses in insurance. UBS also adjusted its operating earnings estimates for 2026 and 2027 upwards based on higher assumed buybacks.