Mips price target lowered to SEK 540 from SEK 580 at Jefferies

Jefferies analyst Adela Dashian lowered the firm’s price target on Mips (MPZAF) to SEK 540 from SEK 580 and keeps a Buy rating on the shares. The firm says the company’s Q3 report shows “robust” European momentum but persistent U.S. headwinds. It reduced estimates following the print.