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MATX

Matson

$34.45

0.27 (0.79%)

16:12
06/03/19
06/03
16:12
06/03/19
16:12

Matson says on schedule to meet IMO 2020 emission regulation

Matson has begun the installation of state-of-the-art exhaust gas cleaning systems on six vessels deployed in its Hawaii and China-Long Beach Express services as part of its strategy to reduce fleet emissions in line with new worldwide regulations established by the International Maritime Organization that take effect on January 1, 2020. Three of the vessels will receive the new equipment in 2019 and the remaining three in 2020. While new low-sulfur fuels designed to meet the new IMO emission standard have been in development for years in anticipation of the change, there is still uncertainty about their costs and availability. Liquefied Natural Gas is an alternative, but the infrastructure for production and distribution remains insufficient to support Matson's operations in the Pacific. With the deployment of dual-fuel engines in new ships and scrubbers in additional vessels, Matson will be able to meet or exceed the IMO 2020 emission standard while mitigating the expected higher cost of low-sulfur fuel over more than half of its current fleet.

  • 13

    Nov

MATX Matson
$34.45

0.27 (0.79%)

09/28/18
09/28/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. CITI CUTS TESLA TO SELL: Citi analyst Itay Michaeli downgraded Tesla (TSLA) to Sell from Neutral and lowered his price target for the shares to $225 from $356. The analyst is making a "risk/reward call" into the outcome of the SEC lawsuit against CEO Elon Musk. In a scenario where the suit leads to Musk's exit, the analyst says there is "little question" that the departure would likely cause harm to Tesla's brand, stakeholder confidence and fundraising. This would increase the risk of triggering a "downward confidence spiral" given the state of Tesla's balance sheet, Michaeli said. Even if Musk were to stay on after settling or prevailing, the analyst believes the "reputational harm" from the suit "might still prevent the stock from immediately returning to 'normal.'" SUNTRUST UPGRADES LOWE'S TO BUY: SunTrust analyst Keith Hughes upgraded Lowe's (LOW) to Buy from Hold and raised his price target to $138 from $110. The analyst cites the company's latest Q2 earnings and the analyst meeting with its management suggesting an "internally focused" turnaround progressing at a "consistent pace" over the next 2-3 years. Hughes adds that even though the stock has recently turned higher, it could rise as much as 50% if the company could reclaim just half of the SG&A difference with Home Depot (HD). STIFEL STARTS ZYNGA WITH A BUY: Stifel analyst Drew Crum initiated Zynga (ZNGA) with a Buy rating and a price target of $5. The analyst cites the "favorable industry for mobile gaming", with annualized mobile gaming revenue expected to increase by 17%. Crum also cites his expectations of greater visibility on its game pipeline and further opportunities to improve adjusted EBITDA. WELLS DOWNGRADES CONTAINERSHIP NAMES: Wells Fargo analyst Michael Webber downgraded the Box Lessor and Containership group saying headwinds from both the International Maritime Organization 2020 fuel regulations and the impact of tariffs have created "significant downside risks" for the stocks. He downgraded Triton International (TRTN), CAI International (CAI) and Costamare (CMRE), all to Market Perform from Outperform, and cut Seaspan (SSW) and Textainer (TGH) to Underperform from Market Perform. He kept a Market Perform rating on Matson (MATX) with an unchanged price target of $35. EVERCORE BOOSTS NVIDIA PRICE TARGET: Evercore ISI analyst C.J. Muse said he believes investors are now more appreciative of Nvidia's (NVDA) opportunity in creating the AI industry standard and the company's "positive feedback loop" within deep learning. Longer-term, he sees tremendous growth opportunities led by the new Turing architecture, which further entrenches Nvidia's high-end gaming moat and presents a "meaningful" opportunity in Inference, Muse said. The analyst, who sees Nvidia being poised to grow EPS at a 30-35% CAGR through 2020 and beyond, raised his price target on the stock to $400 from $300 and kept an Outperform rating on the shares.
11/20/18
STFL
11/20/18
DOWNGRADE
STFL
Hold
Matson downgraded to Hold from Buy at Stifel
11/20/18
11/20/18
DOWNGRADE
Target $43

Hold
Matson downgraded to Hold on fading Chinese tailwind at Stifel
As previously reported, Stifel analyst Benjamin Nolan downgraded Matson to Hold from Buy citing his expectation for momentum to slow related to container volumes from China. Also, following a tour of logistics companies in Hawaii, Nolan tells investors that "Hawaii is good but not great" and he expects demand growth from that "critical segment" to be only modest, not a catalyst for the shares. Nolan maintains his $43 price target on Matson shares.
02/25/19
SPHN
02/25/19
UPGRADE
Target $44
SPHN
Overweight
Matson upgraded to Overweight from Equal Weight at Stephens
Stephens analyst Jack Atkins upgraded Matson to Overweight and raised his price target for the shares to $44 from $40. While 2019 will be a transition year, Matson is nearing the end of its Hawaii fleet transition which brings improved efficiency and flexibility to its network, Atkins tells investors in a research note. Further, the transition will yield cost savings in fiscal 2020 and increased operating leverage, adds the analyst. He views Matson as a "defensive name" with "compelling" EBITDA and cash flow growth potential.

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LOVE

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ATVI

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BDN

Brandywine Realty

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0.13 (0.89%)

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    Oct

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

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GIL

Gildan Activewear

$35.38

0.095 (0.27%)

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
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Earnings
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Consensus $1.42.

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  • 18

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BDN

Brandywine Realty

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0.13 (0.89%)

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GIL

Gildan Activewear

$35.38

0.095 (0.27%)

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ISRG

Intuitive Surgical

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-1.25 (-0.24%)

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SAVE

Spirit Airlines

$36.70

0.645 (1.79%)

17:01
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ICBK

County Bancorp

$19.38

0.065 (0.34%)

17:01
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