Barclays upgraded Saab’s stock to overweight from underweight. The bank established a new price target of SEK 740. Analysts believe the defense sector is entering a new phase of growth and see compelling value in the company’s future.
Swedish authorities detained two Russian nationals near the home of CEO Micael Johansson. The individuals set up a camp and reportedly used handheld radios. Officials are treating the incident as a potential threat to national security.