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Stifel Downgrades Global Partners LP - Preferred Stock (GLP.PRB)

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Fintel reports that on March 4, 2025, Stifel downgraded their outlook for Global Partners LP - Preferred Stock (NYSE:GLP.PRB) from Buy to Hold. What is the Fund Sentiment? There are 5 funds or institutions reporting positions in Global Partners LP - Preferred Stock.
Stifel has downgraded Global Partners LP's 9.00% Series B Cumulative Redeemable Perpetual Preferred Units (GLP.PRB) from a "Buy" to a "Hold" rating. This downgrade reflects a change in the investment outlook for the preferred stock of Global Partners LP, a midstream logistics and marketing company that operates in the distribution of petroleum products. The article does not specify the reasons behind the downgrade but typically such changes can be influenced by shifts in market conditions, company performance, or broader economic factors affecting the energy sector.

Read the Full Fintel Article at:
[ https://www.msn.com/en-us/money/topstocks/stifel-downgrades-global-partners-lp-preferred-stock-glp-prb/ar-AA1AkgDt ]