Singular Research Reiterates Farmer Brothers Buy, Maintains PT

Singular Research reiterated its Farmer Brothers FARM Buy rating and maintained its Farmer Brothers $11 price target in a research report published today. In the report, Singular Research states, "Farmer Brothers reported a much improved Q1 with revenues well above our expectations and a lower loss than expected. This was achieved in spite of continued high Green Coffee costs as the sharp decrease from the peak did not occur until mostly after the end of Q1. Solid operating expense management was a highlight in the quarter." Shares of Farmer Brothers were trading at $6.24 at the time of posting, up 4.17% from Friday's market close.