UPDATE: Stifel Starts GasLog Partners LP (GLOP) at Buy

November 21, 2016 7:36 AM EST
Get Alerts GLOP Hot Sheet
Price: $22.05 --0%

Rating Summary:
    10 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 10
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(Updated - November 21, 2016 10:19 AM EST)

Stifel initiated coverage on GasLog Partners LP (NYSE: GLOP) with a Buy rating and a price target of $24. Analyst Benjamin J. Nolan called it an obvious LNG growth vehicle.

"Among marine MLPs, we believe GLOP is well positioned for growth given a strong backlog of dropdown candidates at the sponsor levels and the strengthening fundamentals of the LNG market. Thus we expect distributions to grow by at least 10% per year for the next several years and believe units are attractively valued currently trading at a 9.7% yield," said Nolan.

For an analyst ratings summary and ratings history on GasLog Partners LP click here. For more ratings news on GasLog Partners LP click here.

Shares of GasLog Partners LP closed at $19.75 yesterday.

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