UPDATE: Morgan Stanley Reiterates On GasLog Ltd. On Steady Growth Story

In a report published Monday, Morgan Stanley analyst Fotis Giannakoulis reiterated an Overweight rating on

, and raised the price target from $28.00 to $29.00. In the report, Morgan Stanley noted, “GLOG offers reliable growth through a series of contracted newbuilds and favorable exposure to the long-term expansion of the global LNG industry. The successful lunching of its MLP provides low cost of capital and ability to monetize its assets at premium valuation. We raise our PT to $29.” GasLog Ltd. closed on Friday at $24.20.