Berkshire Hathaway Climbs to Eight-Month High As Improving Sentiment, Portfolio Gains Fuel Rally - Tekedia

Berkshire Hathaway’s Class A and B shares climbed to their highest levels since late November, trimming but not erasing recent underperformance versus the S&P 500.

The rally was supported by optimism about Berkshire’s diversified model and gains in major holdings including Apple, Coca-Cola and Bank of America.

UBS also raised its price target, adding to improving investor sentiment.

The move suggests growing comfort with the leadership transition from Warren Buffett to Greg Abel and Berkshire’s defensive earnings profile.

Upcoming earnings will be watched for signs of operating strength and how the company plans to deploy its cash.