Benjamin Nolan of Stifel upgraded the Greek operator Nasdaq-quoted stock to “buy” from “hold” and set a $12.00 price target.
“With the increase in cash flow from its contracted base, we believe CPLP should be able to grow its distributions more meaningfully by 6% in 2015 and 2016 to $0.98 and $1.04, respectively,” he told clients Friday.
Nolan also argued that Capital will likely increase its quarterly distribution by the second-quarter of this year.
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