SunCoke Energy (SXC) PT Lifted to $28 at BofA/Merrill Lynch

BofA/Merrill Lynch analyst PT Luther reiterated a Buy rating and boosted his price target on SunCoke Energy (NYSE: SXC) to $28.00 (from $26.00) saying the company to grow as steel mills/miners focus on their core.

Luther also said SXC’s earnings should improve in H214E as Indiana Harbor facility refurbishment related disruptions wind down. They also see financial catalysts too, such as buybacks, potential dividend. "We also believe SXC has the capacity to launch a dividend in 2015E," he said.

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

Shares of SunCoke Energy closed at $22.98 yesterday.

You May Also Be Interested In

• Growth isn't weak enough to truly undercut inflation pressures - BMO
• HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
• Netflix (NFLX) raised to Buy at Needham & Company on revenue upside