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Fly News Breaks for December 18, 2015
GLOG, GLOP
Dec 18, 2015 | 06:41 EDT
JPMorgan analyst Noah Parquette downgraded GasLog Partners (GLOP) to Underweight saying he sees medium-term risk to the dividend if the market does not normalize. The "funk" that Master Limited Partnerships are going through may not just be a short-term problem, Parquette tells investors in a research note. He cut his price target for the stock to $13 from $20. The analyst also cut his price target for GasLog (GLOG) to $9 from $16. He keeps a Neutral rating on the shares.
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