Roth MKM Maintains Buy on Farmer Bros, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Gerry Sweeney maintains a Buy rating on Farmer Bros (NASDAQ:FARM) but lowers the price target from $6 to $4.5.
September 18, 2024 | 1:15 pm
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Roth MKM analyst Gerry Sweeney maintains a Buy rating on Farmer Bros but lowers the price target from $6 to $4.5, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in Farmer Bros, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100