Handelsbanken today makes two changes among its sector favorites in the Communication Services and Finance sectors. MTG replaces Paradox and Danske Bank replaces Ratos.

"We continue to have a positive view on Paradox (Hold/Outperform), but we now see more upside in MTG. On November 14, we raised our short-term recommendation on MTG to Buy and reiterated our long-term recommendation of Outperform. In our view, the acquisition of Israeli studio Plarium Global for USD 600 million is clearly accretive to earnings and value and without dilutive effects for existing shareholders," the bank writes about the first swap.

The bank also remains positive on Ratos, but now sees more upside in Danske Bank.

"The money laundering scandal that Danske Bank was involved in is now behind us, and Danske Bank can thus transfer capital to shareholders in the form of extra dividends and share buybacks. In recent years, Danske Bank has taken steps towards internal improvements, including the sale of the Norwegian private customer business in Norway," Handelsbanken writes.

The stocks included in the sector favorites are UPM, Lundin Mining, Sandvik, Alfa Laval, Autoliv, Husqvarna, Bakkafrost, Mowi, Sobi, Biogaia, Nordea, Danske Bank, Ericsson, Netcompany, MTG, Elisa, Catena and Diös.