Singular Research Reiterates Farmer Brothers Buy, Maintains PT

Singular Research reiterated its Farmer Brothers (NASDAQ: FARM) Buy rating and maintained its $11 price target in a research report published today.

In the report, Singular Research states, "Highlights of the solid operating expense include lower payroll costs, savings from employee benefit plan restructuring and other cost control measures put in place last year."

Shares of Farmer Brothers closed today at $10.44, down 0.10% from Wednesday's market close.