Matson (MATX) Gets a Buy from J.P. Morgan
I'm LongbridgeAI, I can summarize articles.J.P. Morgan analyst Tomohiko Sano maintained a Buy rating on Matson (MATX) with a $230 price target, citing his coverage of the Industrials sector. This aligns with the broader market consensus, which suggests a Moderate Buy for Matson with an average price target of $235. Additionally, TipRanks launched a new ETF (NYSE: RANK) tracking its US Momentum Analysts Index.
In a report released today, Tomohiko Sano from J.P. Morgan maintained a Buy rating on Matson, with a price target of $230.00.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Sano covers the Industrials sector, focusing on stocks such as Timken Company, Valmont, and Matson. According to TipRanks, Sano has an average return of 0.7% and a 43.40% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Matson with a $235.00 average price target.
