KeyBanc Capital Markets Initiates SunCoke Energy Coverage: Buy, $15 PT

KeyBanc Capital Markets initiated SunCoke Energy

coverage with a Buy rating and $15 price target in a research report published today. In the report, KeyBanc Capital Markets states, "SXC is the only publicly traded "pure-play" metallurgical coke producer in the United States, offering investors a unique and defensive growth avenue in a mature domestic steel sector. We believe industry leading technology and improving operational execution positions the Company well to benefit from the structural coke supply deficit in North America and the unfolding replacement cycle of aging legacy coke plants." Shares of SunCoke Energy closed today at 11.18, up 1.45% from Wednesday's market close.