Matson downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research downgraded Matson (MATX) to Peer Perform from Outperform. The firm cites valuation for the downgrade. Matson has materially outperformed this year, and the stock is now trading in line with historical valuation levels on Wolfe’s view of normalized earnings, the analyst tells investors in a research note. The firm also sees potential tariff risk under a Trump administration.