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Fly News Breaks for August 18, 2017
MATX
Aug 18, 2017 | 13:29 EDT
Stifel analyst Ben Nolan upgraded Matson to Buy from Hold saying competitive concerns are being overstated after competitor TOTE announced plans to establish a West Coast to Hawaii container service in 2020. Both Stephens and Wells Fargo downgraded the shares earlier today. Nolan lowered his price target for Matson to $30 from $38. The stock is down 23%, or $6.75, to $22.60 in afternoon trading.
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