Stifel Hikes Matson's Price Target By ~34%

Matson Inc's (NYSE:MATX) price target has been raised to $131 (an upside of 13.7%) from $98 by Stifel analyst Benjamin Nolan.
The analyst maintained the Buy rating on Matson's shares.
Nolan believes shifting equipment to provide the company a significant gain to its China service and greater run rate volumes reflecting higher capacity ships.
Price Action: MATX shares are trading higher by 6.36% at $115.18 on the last check Monday.