Information Provided By: 
Fly News Breaks for June 9, 2017
MATX
Jun 9, 2017 | 09:22 EDT
Stephens analyst Jack Atkins noted that Philly Shipyard has announced plans to build four new container ships for Hawaii trade, which he called "both surprising and concerning" for Matson. While a new competitor to Matson's core Hawaii lane, assuming one emerges 3-4 years from now, could potentially pressure pricing and market share, Atkins is keeping his Overweight rating and $40 price target on Matson for now, but he warns that the news could, and likely will, put near-term pressure on the stock.
News For MATX From the Last 2 Days
There are no results for your query MATX
