Daimler AG to sell dozens of dealerships in Germany, Bloomberg says Daimler AG is considering scaling back its domestic retail organization and selling dozens of dealerships in Germany to reach a profitability goal, reports Bloomberg. Citing unidenfied people at the carmaker, Daimler plans to sell 36 outlets in Germany that employ 1,500 people and is looking to shut down its Li-Tec battery-cell plant in Kamenz, Germany by 2016. Reference Link
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Avon Products (AVP) upgraded to Buy from Neutral at Citi... Box (BOX) upgraded to Buy from Neutral at BofA/Merrill... Daimler AG (DDAIF) upgraded to Buy from Neutral at UBS... Emerge Energy (EMES) upgraded on amended credit deal at Stifel... Fairmount Santrol (FMSA) upgraded to Hold from Underperform at Jefferies... IAMGOLD (IAG) upgraded to Hold from Reduce at HSBC... Kinross Gold (KGC) upgraded on acquisitions at RBC Capital... Lowe's (LOW) upgraded to Overweight from Neutral at Atlantic Equities... Nimble Storage (NMBL) upgraded on valuation at DA Davidson... Resolute Energy (REN) upgraded to Equalweight from Underweight at Capital One... Schnitzer Steel (SCHN) upgraded to Equal Weight from Underweight at Morgan Stanley... Webster Financial (WBS) upgraded to Overweight from Neutral at JPMorgan.