UPDATE: Oppenheimer Raises SunCoke Energy's PT
According to a research report published this morning, Oppenheimer has increased SunCoke Energy's (NYSE: SXC) PT from $15 to $17.
In the report, Oppenheimer commented, "Our thesis remains on track. The Middletown plant has reached full capacity ahead of schedule, SXC continues to scour India for a deal and management continues to explore an MLP structure. SXC enjoys stable fundamentals, which we believe are under-appreciated by the market. We raise our PT to $17, from $15, owing to a higher coke valuation. Maintain Outperform."
SunCoke Energy is currently trading at $15.03.
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