Zacks Investment Research upgraded shares of FARMER BROS CO (FARM) from NEUTRAL to OUTPERFORM on November 15, 2012, with a target price of $11.70.
Farmer Bros. Company is in the business of roasting, packaging and distributing coffee and allied products to restaurants, hotels, hospitals, convenience stores and fast food outlets. The company's primary raw material is green coffee. Green coffee is purchased through domestic commodity brokers. Coffee is an agricultural commodity, and is subject to fluctuations of both price and supply.
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