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FARM

Farmer Bros.

$11.76

-0.17 (-1.43%)

08:41
09/12/19
09/12
08:41
09/12/19
08:41

Farmer Bros. price target lowered to $11 from $20 at Roth Capital

Roth Capital analyst Gerry Sweeney lowered his price target for Farmer Bros. to $11 from $20 as the company's Q4 results highlight considerable operational headwinds, which it began to address with identification of five areas of key improvement. The analyst reiterates a Neutral rating on the shares.

FARM Farmer Bros.
$11.76

-0.17 (-1.43%)

09/11/19
LSCM
09/11/19
NO CHANGE
Target $15
LSCM
Buy
Farmer Bros. price target lowered to $15 from $26 at Lake Street
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.
05/08/19
05/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mylan (MYL) downgraded to Market Perform from Outperform at Wells Fargo with analyst David Maris saying Mylan reported "disappointing" results which missed consensus on several key metrics including revenue and revenue by segment. 2. Inogen (INGN) downgraded to Neutral from Overweight at JPMorgan with analyst Robert Marcus saying the company's in-line Q1 results were overshadowed by a $25M reduction to guidance. 3. Fortive (FTV) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Joshua Pokrzywinski citing the stock's valuation after a 29% year-to-date advance as well as the sector valuation of "high quality industrials". 4. Farmer Bros. (FARM) downgraded to Neutral from Buy at Roth Capital with analyst Gerry Sweeney saying the company's results were hurt by significant operating issues and Mike Keown stepped down as CEO. 5. 2U (TWOU) downgraded to Neutral from Outperform at Credit Suisse with analyst Brad Zelnick noting the company reported Q1 and lowered its fiscal year revenue guidance, primarily accounting for schools tightening their admissions. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/08/19
LSCM
05/08/19
NO CHANGE
Target $26
LSCM
Buy
Farmer Bros. price target lowered to $26 from $36 at Lake Street
Lake Street analyst Chris Krueger lowered his price target for Farmer Bros. to $26 from $36 saying the company's fiscal Q3 results were well below expectations. The analyst, however, continues to believe Farmer Bros. is in the "early innings of a significant growth opportunity." He keeps a Buy rating on the shares.
05/08/19
ROTH
05/08/19
DOWNGRADE
Target $20
ROTH
Neutral
Farmer Bros. downgraded to Neutral from Buy at Roth Capital
Roth Capital analyst Gerry Sweeney downgraded Farmer Bros. to Neutral from Buy after the company's results were hurt by significant operating issues and Mike Keown stepped down as CEO. While Sweeney said Farmer Bros. could appear attractive as a takeover candidate, he lowered his rating until there is more visibility on revenue and costs. Sweeney lowered his price target on the shares to $20 from $28. B. Riley FBR analyst Marc Wiesenberger also downgraded Farmer Bros. to Neutral from Buy this morning.

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