Stifel analyst Benjamin Nolan upgraded Matson to Buy from Hold with an unchanged price target of $37. The company's Q1 guidance came in worse than expected due to coronavirus related demand weakness, Nolan tells investors in a research note. However, the virus impact should be temporary, and Matson "adequately guided down to reflect all but the worst case scenario," adds the analyst. He believes the corresponding share selloff creates an attractive entry point and recommends buying the shares. Matson represents one of the "highest quality defensible" business models in transportation, says Nolan.