Matson price target raised to $110 from $73 at Stephens

Stephens analyst Jack Atkins raised the firm’s price target on Matson to $110 from $73 and keeps an Equal Weight rating on the shares following the company’s Q2 report. The company’s normalized earnings power is “finally beginning to come into view” and “encouragingly” this number is much higher at around $6.50-$7.00 than the roughly $5 estimate that the firm believes most investors anticipated 12 months ago, the analyst says.