Zacks Investment Research downgraded shares of FARMER BROS CO (FARM) from NEUTRAL to UNDERPERFORM on May 20, 2013, with a target price of $14.80.
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.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on FARMER BROS CO (FARM),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment