UPDATE: Oppenheimer Raises SunCoke Energy's PT

According to a research report published this morning, Oppenheimer has increased SunCoke Energy's

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.