SunCoke Energy downgraded to Buy from Conviction Buy at Goldman Goldman removed SunCoke Energy from its Conviction Buy List citing lack of near-term catalysts. Shares remain Buy rated with a lowered price target to $20.
News For SXC From The Last 14 Days
Check below for free stories on SXC the last two weeks.
SunCoke Energy reports Q2 EPS ex-items 3c, consensus (6c) Reports Q2 revenue $372.2M, consensus $387.75M. Result includes $51.0M, or 74c per share, of costs for the net after-tax impact of the $103.1M Coal Mining impairment charge. Reports Q2 adjusted EBITDA $60.5M. The company said, "Excluding impairment charges, Adjusted EBITDA in the second quarter was driven by the contribution of our new Coal Logistics business and higher fees earned at Indiana Harbor due to last fall's contract renewal."