Matson shares are trading higher after the company announced preliminary Q3 financial results. Additionally, Wolfe Research and Stifel raised their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Matson Inc. announced preliminary Q3 financial results, which led to a rise in its stock price. Wolfe Research and Stifel also increased their price targets for the company's stock.
October 24, 2023 | 5:31 pm
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POSITIVE IMPACT
Matson's stock price is likely to increase in the short term due to positive preliminary Q3 results and raised price targets by Wolfe Research and Stifel.
The announcement of positive preliminary Q3 results is a strong indicator of the company's good performance, which is likely to attract investors and drive up the stock price. Additionally, the raised price targets by Wolfe Research and Stifel further validate the company's strong performance and potential for growth, which could further boost the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100