Stephens analyst Jack Atkins cited new competition concerns for downgrading Matson Inc. (NYSE: MATX) from an Overweight rating to an Equal Weight rating and slashing his price target from $36 to $23. Shares of the transportation services provider plummeted $6.56 to close at $22.79.
Matson downgraded
August 18, 2017 at 18:04 PM EDT
