Zacks Investment Research downgraded shares of FARMER BROS CO (FARM) from OUTPERFORM to NEUTRAL on January 30, 2013, with a target price of $16.30.
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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