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Matson price target lowered to $130 from $160 at Stifel

Stifel lowered the firm’s price target on Matson (MATX) to $130 from $160 and keeps a Hold rating on the shares. Matson missed expectations in Q1 and emerging headwinds from the recently implemented U.S. tariffs caused management to lower its full-year outlook due to lower China volumes and near-term freight rate pressure, the analyst tells investors. However, the firm still believes the company will be able to generate normalized free cash flow of about $13 per share, which it points to as the basis of its price target

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