Ocado Group is trading at £348.80, up 9.96%, following bullish analyst revisions.
- Shares rose on October 20 after JPMorgan raised its target to 460p from 290p, retaining Overweight; Morgan Stanley upgraded Ocado to Equal Weight from Underweight and raised its target to 300p from 170p.
- JPMorgan cited improving operational momentum and potential catalysts, including planned customer fulfilment centre ramp-ups.