Information Provided By:
Fly News Breaks for April 16, 2019
GLOG, GLOP
Apr 16, 2019 | 16:19 EDT
Morgan Stanley analyst Fotis Giannakoulis downgraded GasLog Partners (GLOP) to Equal Weight from Overweight and cut his price target on the shares to $18 from $23 as he believes the partnership's ability to accretively fund new dropdowns has become increasingly more challenging. GasLog Partners' current distribution is not fully covered by free cash flows and the analyst sees its distribution capacity as reaching a plateau, he added. Giannakoulis also cut his price target for parent GasLog (GLOG) to $15 from $20, noting that LNG carrier fundamentals have recently softened as a result of a rising orderbook coupled with the sharp decline in global LNG prices. He keeps an Equal Weight rating on GasLog.
News For GLOP;GLOG From the Last 2 Days
There are no results for your query GLOP;GLOG