Daimler Truck upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Daimler Truck to Overweight from Equal Weight with a price target of EUR 55, up from EUR 45. The firm believes Daimler Truck has the "strongest exposure to North America, the most tangible European turnaround story, attractive total share return, and significant valuation catch-up potential." Barclays feels that in the gradually improving European Autos & Auto Parts sector, Daimler Truck offers the "clearest path to earnings upgrades, multiple expansion and share price outperformance."