Berkshire Hathaway Rebound Justifies Analysts' Optimism: Chart

Shares of Warren Buffett’s Berkshire Hathaway Inc. are beginning to reflect analysts’ optimism about its prospects, thanks to a two-month rebound. The gap between their average projection for Berkshire’s Class A stock and the market price narrowed by 51 percent through yesterday from a record set on Jan. 25, according to data compiled by Bloomberg. The analysts’ target price rose on March 28, when UBS Group AG’s Brian Meredith started coverage with a buy rating and a $244,500 estimate for the next 12 months.

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