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Fly News Breaks for June 24, 2019
GLOP, GLOG
Jun 24, 2019 | 23:10 EDT
Stifel analyst Benjamin Nolan upgraded GasLog (GLOG) to Buy from Hold, citing both valuation and his expectation for strong LNG charter rates in the second half of the year. Nolan increased his GasLog price target to $18 from $17 to reflect the "favorable terms" for the buyout of the incentive distribution rights from the GasLog Partners (GLOP) partnership. Separately, the analyst also downgraded GasLog Partners to Hold from Buy.
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