UPDATE: Credit Suisse Initiates Coverage on GasLog Partners LP with Outperform Rating, $30 PT on Multiple Positive Factors

In a report published Monday, Credit Suisse analyst Gregory Lewis initiated coverage on

with an Outperform rating and $30.00 price target. In the report, Credit Suisse noted, “Initiating coverage of GasLog Partners (GLOP) with an outperform rating and a $30 target price. GLOPs existing fleet on the water and attractive asset drop down potential lays the foundation for a multi-year distribution growth story. We expect GLOP and its parent company to continue taking advantage of the growing seaborne LNG trade, driving further vessel growth at the partnership level – we like GLOP.” GasLog Partners LP closed on Friday at $26.78.