Ocado Group is trading 15.59% up now at £255.00 after JPMorgan raised its price target to 290p from 245p.
- JPMorgan maintained an overweight rating.
- Coverage cited improving execution, attractive risk/reward and the long-term value of Ocado’s signed customer-fulfilment-centre pipeline.
- The rally followed the August 12 announcement and was reported as directly linked to JPMorgan’s positive assessment.