KeyBanc Cuts SunCoke Energy (SXC) to Hold

KeyBanc's Mark Parr downgraded shares of SunCoke Energy (NYSE: SXC) from Buy to Hold in an intraday research note Thursday.

Parr said, "Improved valuation since our initiation in mid-December somewhat contradicted lower 4Q11 guidance twice in the past several weeks." The analyst said SunCoke shares "remain attractive for more patient long-term investors, despite the downdrafts in near-term guidance commentary."

KeyBanc now sees Q4 EPS of 4 cents, down from a prior estimate of 20 cents. FY11 EPS estimate moves from 95 cents to 80 cents and FY12 lowered from $1.50 to $1.40.

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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