Matson price target raised to $115 from $113 at Wolfe Research

Wolfe Research raised the firm’s price target on Matson to $115 from $113 and keeps an Outperform rating on the shares. The company pre-reported Q3 earnings more than 20% above consensus as earnings continue to normalize well above pre-pandemic levels, the analyst tells investors in a research note. The analyst likes Matson’s “strong free cash flow and attractive valuation.”