UK's Ocado top gainer on FTSE 250 as JPM upgrades to 'overweight'

Shares of the British online supermarket and technology firm Ocado Group Plc OCDO.L up 10.2% at 275.3p

Stock top gainer on the FTSE midcap index .FTMC which is down 2.65%

Stock set to hit its highest level in nearly a month, if gains hold

J.P.Morgan upgrades OCDO's rating to "overweight" from "neutral"; raises PT to 400p from 340p

JPM sees an increasing chance of new deals in co's solutions division, driven by the global eGrocery space

Brokerage says co's profit margins are getting better in both its retail and solutions divisions, which will lead to positive free cash flow by the end of 2026

Avg rating of 15 brokerages is the equivalent of "hold"; median PT is 268p - data compiled by LSEG

OCDO shares down ~8.7% YTD