UPDATE: Morgan Stanley Initiates Coverage on GasLog Partners LP with Overweight Rating, $32 PT on Fastest-Growing MLP

In a report published Monday, Morgan Stanley analyst Fotis Giannakoulis initiated coverage on

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.