Wolfe Research Maintains Outperform on Matson, Raises Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Scott Group has maintained an 'Outperform' rating on Matson (NYSE:MATX) and raised the price target from $113 to $116.
October 24, 2023 | 12:16 pm
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POSITIVE IMPACT
Wolfe Research has maintained an 'Outperform' rating on Matson and raised the price target from $113 to $116, which could positively impact the stock's performance.
The 'Outperform' rating indicates that the analyst expects Matson to do better than the market average. The increase in the price target from $113 to $116 suggests that the analyst sees more upside potential in the stock, which could lead to a positive sentiment among investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100