JPMorgan Boosts Ocado, Witcher Delay Hits CD Projekt, Vistry Pops

On this episode of Stock Movers:- Ocado gets a positive analyst rating from JPMorgan for the first time in over seven years, with the broker upgrading to overweight from neutral to reflect a “turning tide” in the digital grocery sector. The shares rise as much as 12%. Analyst Marcus Diebel, who last held an overweight on the stock in 2018, says in note there are now several reasons to take a more optimistic view and sees an inflection point approaching.- CD Projekt’s strong 4Q earnings, boosted by positive tax one-off as well as cooperation with Scopely, is seen positive, however news that the game Witcher 4 won’t be released before 2027 may disappoint investors, according to analysts. - British developer Vistry Group is planning to capitalize on a government pledge this week to inject £2 billion ($2.6 billion) into affordable homes, as the housebuilder looks to recover from a turbulent end to 2024. The company, which partners with housing associations to build affordable homes, said it was looking to progress “as quickly as possible” to deliver new units, according to a statement Wednesday. Chancellor of the Exchequer Rachel Reeves unveiled grants for social and affordable homes this week, as the Labour government aims to build 1.5 million homes over five years.See omnystudio.com/listener for privacy information.