Oscar Gruss Starts SunCoke Energy (SXC) at Hold

Oscar Gruss' Louis Meyer initiated coverage on shares of SunCoke Energy (NYSE: SXC) with a Hold rating and $13 price target Thursday.

The analyst believes the stock is currently fairly valued. "...potential price upside from hitting the upper end of its CY12E guidance is mitigated near term by the challenges of being a standalone company combined with an expected share overhang post-spin."

With SunCoke shares up 5 percent to around $11.48 this afternoon, Oscar Gruss' new price target implies potential upside of about 13 percent.

For an analyst ratings summary and ratings history on SunCoke Energy click here. For more ratings news on SunCoke Energy click here.

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