Fly News Breaks for June 24, 2019
GLOG, GLOP
Jun 24, 2019 | 23:05 EDT
Stifel analyst Benjamin Nolan downgraded GasLog Partners (GLOP) to Hold from Buy citing valuation and the announcement of an agreement to eliminate the GP's incentive distribution rights in exchange for newly issued limited partner units at a price that Nolan estimates "to be higher than necessary." Separately, Nolan upgraded GasLog (GLOG) to Buy from Hold. He keeps a $22 price target on GasLog Partners units.
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