Matson Inc Reaches Analyst Target Price
July 01, 2024 at 12:34 PM EDT
In recent trading, shares of Matson Inc (MATX) have crossed above the average analyst 12-month target price of $129.00, changing hands for $130.97/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..