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Stock Market & Financial Investment News

News Breaks
July 24, 2014
07:12 EDTMATXMatson price target raised to $36 from $32 at Stifel
After a trade publication reported that Matson (MATX) competitor Horizon Lines was in talks to sell its Puerto Rico business to a private company, Stifel thinks that Matson could acquire Horizon's Alaska business. The firm thinks that such a deal would provide a positive catalyst for Matson's stock. It keeps a Buy rating on the shares.
News For MATX From The Last 14 Days
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November 25, 2014
17:02 EDTMATXMatson Navigation to raise service rates by $225 per container
Matson announced that Matson Navigation Company will raise its rates for the company's Guam/Commonwealth of the Northern Marianas Islands, or CNMI, and Micronesia services by $225 for both westbound and eastbound containers, effective January 25, 2015. The increase will be filed with the Surface Transportation Board and the Federal Maritime Commission. The rate increase also applies to the Commonwealth of the Northern Marianas Islands, the Republic of Palau, the Federated States of Micronesia and the Republic of the Marshall Islands. There will be no adjustment made to the company's terminal handling charge.

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