UPDATE: Oppenheimer Raised Alexander & Baldwin's PT

According to a research report published earlier today, Oppenheimer has increased Alexander & Baldwin's

PT from $55 to $60. In the report, Oppenheimer said, "Our increased conviction comes from increased disclosure of land holdings, improved Hawaiian construction trends and greater than expected exposure to more valuable retail leasing. Further, higher trans-pacific shipping rates could provide upside at Matson. Maintain Outperform." Alexander & Baldwin is currently trading at $49.47.