Why Is Matson Stock Gaining Thursday?
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Matson, Inc. (MATX) stock rose 2.33% following the announcement of strong preliminary fourth-quarter results and a positive outlook for 2026. The company expects Q4 operating income between $135 million and $145 million, with net income projected at $131.3 million to $146.3 million. CEO Matt Cox highlighted increased freight demand in China due to e-commerce. Analysts maintain a Buy rating with an average price target of $125.89, despite a projected 32% earnings decline. MATX is considered undervalued, with significant ETF investments influencing stock movements.
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