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

Loading...
Loading...
In a report published Friday, Credit Suisse analyst Gregory Lewis reiterated an Outperform rating on
GasLog Partners LPGLOP
, 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.
Posted In: Analyst ColorPrice TargetAnalyst RatingsCredit SuisseGregory Lewis
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...