Stifel Maintains Hold Rating for Matson: Here's What You Need To Know

Stifel has decided to maintain its Hold rating of Matson MATX and lower its price target from $79.00 to $73.00.

Shares of Matson are trading down 7.39% over the last 24 hours, at $59.01 per share.

A move to $73.00 would account for a 23.71% increase from the current share price.

About Matson

Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are ocean transportation that provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific and logistics that offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates majority revenue from ocean transportation.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.