Bank of America Sees Distribution Growth on Target for Suncoke Energy Partners LP

In a report published Wednesday, Bank of America analyst PT Luther reiterated a Buy rating and $37.00 price target on SunCoke Energy Partners LP SXCP. In the report, Bank of America noted, “We believe growth opportunities at SunCoke Energy Partners (SXCP) are attractive via further drop downs and outside M&A, as well as potential steel/mining-related greenfield opportunities. Steel mills and coal miners are increasingly focusing on their core businesses, with SunCoke, given its low cost of capital, well positioned to consider these assets. Coal logistics opportunities are particularly attractive, in our view.” Suncoke Energy Partners LP closed on Tuesday at $30.02.