Information Provided By: 
Fly News Breaks for September 11, 2019
FARM
Sep 11, 2019 | 07:36 EDT
Lake Street analyst Chris Krueger lowered his price target for Farmer Bros. to $15 from $26 saying the company's fiscal Q4 results were "disappointing." The analyst sees the company's soft sales trends continuing in the near-term and cut his fiscal 2020 adjusted EBITDA estimate by 44%. However, new customers are gradually coming on board, which should eventually boost sales growth and margins, Krueger tells investors in a research note. He keeps a Buy rating on Farmer Bros.
News For FARM From the Last 2 Days
There are no results for your query FARM
