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Matson downgraded at Wolfe on potential tariff risk, lower ocean rates (NYSE:MATX)

Matson Cargo Ship Mahi Mahi loaded with goods at Port by cranes in Oakland Harbo

Eric Broder Van Dyke/iStock Editorial via Getty Images

Matson (NYSE:MATX) -3.7% in Monday’s trading as Wolfe Research downgraded the shipping company to Peer Perform from Outperform with a $165 price target, expecting headwinds from potential demand risk from China tariffs and lower ocean rates after shares have materially

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