In a report published Monday, Morgan Stanley analyst Fotis Giannakoulis initiated coverage on GasLog Partners LP GLOP with an Overweight rating and $32.00 price target.
In the report, Morgan Stanley noted, “GLOP is the fastest growing shipping MLP globally. It has a long pipeline of dropdown candidates and is expected to grow its dividend by over 50% within the next 2-3 years. The stock currently trades at an attractive 5.7% dividend yield, backed by a fleet of modern LNG carriers.”
GasLog Partners LP closed on Friday at $26.52.
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