UPDATE: Deutsche Bank Color on Diamond Foods PT Increase

Deutsche Bank, which raised its PT on shares of Diamond Foods, Inc. DMND, is providing color on the stock. “In our 40 page initial opinion (5/12/11), we made the case for Diamond's LT potential via the RMT for Pringles,” Deutsche Bank writes. “We modestly increase EPS est. now but more details on Pringles must wait. Meanwhile Diamond is raising prices (vs. inputs) but is comfortable enough to target $4.00 EPS in F2014 (vs. previous F2015).” Diamond Foods closed Thursday at $71.35.