UPDATE: Credit Suisse Downgrades SunCoke Energy Partners LP to Neutral, Raises PT as Structural Changes are Likely as Tax Clouds Clear

In a report published Tuesday, Credit Suisse analyst Nathan Littlewood downgraded the rating on

from Outperform to Neutral, but raised the price target from $24.00 to $27.00. In the report, Credit Suisse noted, “CY14 EBITDA is expected to be $105-112mn, in line with CSe ($108mn) but well below consensus ($130mn). Distributable cash flow per unit is expected to be in the range of $2.31-2.53 in 2014, slightly below CSe ($2.47). Although we have upgraded our target price to $27/sh ($24), the rating falls to Neutral as we no longer have sufficient upside to justify an Outperform. SunCoke Energy Partners LP closed on Monday at $27.00.