Credit Suisse Lowers Price Target On GasLog Partners LP On Attractive Yield And Distribution Growth Story

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In a report published Friday, Credit Suisse analyst Gregory Lewis reiterated an Outperform rating on

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GasLog Partners LP

(NYSE: GLOP), but lowered the price target from $40.00 to $32.00.In the report, Credit Suisse noted, “Lowering target price to $32 (from $40). Our $32 TP equates to a 6% target yield on our 2016 distribution estimate of $1.92. We are lowering our 2015/2016 EPS estimates to $1.99/$2.40 (from $2.55/$2.85) to account for updated guidance. We are 12%/5% below 2015/2016 Consensus estimates.”GasLog Partners LP closed on Thursday at $25.08.