Helmet safety company Mips is trading up more than 4 percent after Handelsbanken raised its recommendation from hold to buy. The 12-month target price is SEK 600 (395).

"We expect Mips to sell safety systems for nearly 32 million helmets in 2029, corresponding to sales of SEK 1.7 billion. This represents a safety margin of 17 percent compared with the company's communicated financial target of SEK 2.0 billion. Given the scalable business model, the operating margin will benefit greatly from the volume increases," the bank writes in its analysis.