UPDATE: Pareto Securities Initiates Coverage on GasLog

According to a research report published this morning, Pareto Securities has initiated GasLog GLOG with a Buy rating and PT of $15.50. Pareto Securities commented in the report, "With an extensive new-build programme to come on water we look for strong earnings growth ahead, paving way for increasing dividends. For the long-term investor, a significant upside can be found through an MLP scenario which we see as very likely in 2-3 years." GasLog closed yesterday at $11.76.