Stifel Downgrades Global Partners, L.P. (GLP) to Hold

Stifel analyst Seman Akyol downgraded Global Partners, L.P. (NYSE: GLP) from Buy to Hold with a price target of $56.00 (from $54.00).

The analyst comments "GLP posted 4Q24 results below our expectations, driven by lower fuel margins in GDSO. Global is currently evaluating potential scenarios around Canadian tariffs, though believes their footprint provides them flexibility to secure supply at numerous points. Additionally, despite being an active acquirer over the last couple of years, management believes the M&A market continues to be busy and will continue to look at deals that provide value to the partnership. While we continue to favor management's strategy of bolt-on M&A and believe the core business to provide relatively stable cash flows over time, we believe GLP is fairly valued. As a result, we are downgrading GLP to Hold from Buy and adjusting our target price to $56.00."

For an analyst ratings summary and ratings history on Global Partners, L.P. click here. For more ratings news on Global Partners, L.P. click here.

Shares of Global Partners, L.P. closed at $57.43 yesterday.

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