SEB raises its recommendation for helmet safety company Mips to buy from hold and lowers its target price to 500 kronor from 600. The share rises 3 percent to 410.20 kronor.

The bank lowers its earnings per share forecast for 2025-2027 by 16-24 percent due to lower organic growth, currency effects and margin impact.

"We assume that the weakening consumer sentiment in the US will reduce demand for helmets as well as retailers' willingness to take inventory, but see no structural changes in the long-term growth story for Mips. With the stock down about 30 percent since August 2024 and the 2027 ebit forecast at 19x, the risk-adjusted return potential looks attractive," SEB writes.