Morningstar on Tuesday downgraded British housebuilder Bellway (BWY.L) to hold from buy and decreased the price target to 21.00 pounds sterling from 28.00 pounds.
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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:GOOGL announces an $80B equity capital raise to help fund the expansion of AI infrastructure/compute capacity. The package includes $30B in concurrent underwritten offerings, a $40B at-the-market program launching in Q3, and a $10B private placement from Berkshire Hathaway. We think Berkshire's investment, which adds to a position built late last year and now ranks among its largest holdings, signals strong confidence in GOOGL's ability to generate reasonable returns on AI capex despite very modest potential dilution (less than 2%). Proceeds will fund general corporate purposes, particularly AI infrastructure capex, with $30B of the ATM program allocated to 2026 employee equity tax obligations. We still forecast 2026 capex of $180B-$190B, with our CFO forecast of $210B (we see rising to +$250B in 2027). We believe the equity approach preserves balance sheet flexibility while enabling GOOGL to build a defensible infrastructure moat that smaller competitors will struggle to replicate in this pivotal AI moment.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:GOOG announces an $80B equity capital raise to help fund the expansion of AI infrastructure/compute capacity. The package includes $30B in concurrent underwritten offerings, a $40B at-the-market program launching in Q3, and a $10B private placement from Berkshire Hathaway. We think Berkshire's investment, which adds to a position built late last year and now ranks among its largest holdings, signals strong confidence in GOOG's ability to generate reasonable returns on AI capex despite very modest potential dilution (less than 2%). Proceeds will fund general corporate purposes, particularly AI infrastructure capex, with $30B of the ATM program allocated to 2026 employee equity tax obligations. We still forecast 2026 capex of $180B-$190B, with our CFO forecast of $210B (we see rising to +$250B in 2027). We believe the equity approach preserves balance sheet flexibility while enabling GOOG to build a defensible infrastructure moat that smaller competitors will struggle to replicate in this pivotal AI moment.