Consumer Staples Sector Review: Diamond Foods New Short, Tyson Foods Valuation

Greenlight Capital disclosed a new long position in Dell (NASDAQ:DELL) and re-established a position in Xerox (NYSE:XRX), while closing its short positions in both First Solar (NASDAQ:FSLR) and Diamond Foods, Inc. (NASDAQ:DMND), Bloomberg reports, citing the hedge fund’s letter to investors.

The shares closed at $31.77, up $1.77, or 5.9%, on the day. Its market capitalization is $700.79 million.

BMO Capital downgraded Tyson Foods, Inc. (NYSE:TSN) based on valuation, lack of industry discipline, and increased uncertainty in protein outlook. Price target cut to $22.

The shares closed at $19.46, down $0.11, or 0.56%, on the day. Its market capitalization is $7.19 billion.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com