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SunCoke Energy Partners Rating Reiterated by Bank of America (SXCP)
The analysts wrote, “We believe growth opportunities at SunCoke Energy Partners (SXCP) are attractive via further drop downs and outside M&A, as well as potential steel/mining-related greenfield opportunities. SunCoke Energy Partners has a 52-week low of $23. Shares of SunCoke Energy Partners ( NASDAQ:SXCP ) opened at 30. Steel mills and coal miners are increasingly focusing on their core businesses, with SunCoke, given its low cost of capital, well positioned to consider these assets. The stock’s 50-day moving average is $30. ‘S stock had its “buy” rating reaffirmed by research analysts at Bank of America in a report released on Wednesday. Bank of America’s target price points to a potential upside of 23. 71 and its 200-day moving average is $30. 00 price target on the stock. Coal logistics opportunities are particularly attractive, in our view.