Deutsche Bank Starts Dynagas LNG Partners (DLNG) at Buy

Deutsche Bank initiated coverage on Dynagas LNG Partners (NASDAQ: DLNG) with a Buy rating and a price target of $29.00.

Analyst Amit Mehrotra said, "MLP Dynagas’ fleet for 4 LNG carriers is 100% contracted, providing the partnership almost perfect visibility on its current revenue and cash flow through 2016. This, coupled with solid dividend/distribution coverage, should allow for its 6.5% yield to be easily sustained, with likely continued distribution growth as additional vessels are added to the partnership."

For an analyst ratings summary and ratings history on Dynagas LNG Partners click here. For more ratings news on Dynagas LNG Partners click here.

Shares of Dynagas LNG Partners closed at $23.73 yesterday.

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