Wall Street Sees a 47% Upside to SunCoke Energy (SXC)

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SunCoke Energy, Inc. (NYSE:SXC) is 1 of the best dividend stocks to buy. As of December 5, the mean terms people for SXC suggests an upside of 47%, which is akin to the Street high.

Previously, The Fly reported connected November 11 that B. Riley maintained a Neutral standing connected SunCoke Energy, Inc. (NYSE:SXC), and trimmed the terms people from $11 to $10. The steadfast observed that SunCoke’s adjusted EBITDA, coming successful astatine $59.1 million, topped marketplace expectations. The EBITDA was a effect of robust show successful Industrial Services and from Phoenix Global allocating $10 cardinal to SXC.

Wall Street Sees a 47% Upside to SunCoke Energy (SXC)

Wall Street Sees a 47% Upside to SunCoke Energy (SXC)

Photo by Annie Spratt connected Unsplash

The institution lifted its Industrial Services EBITDA guidance for 2025 to a scope of $63 cardinal to $67 million, and the adjusted EBITDA guidance to betwixt $220 cardinal and $224 million. Even though the logistics and Domestic Coke volumes did not conscionable expectations, the higher guidance was driven by the contributions from Phoenix and anticipated synergies, which were balanced retired by archetypal integration costs, B. Riley told investors.

In a abstracted property merchandise dated November 18, SunCoke Energy, Inc. (NYSE:SXC) announced that it has extended its cokemaking woody with Cleveland-Cliffs Inc. (NYSE:CLF) for 3 years. The declaration stipulates that SXC volition connection 500,000 tons of metallurgical coke per twelvemonth to CLF from its Ohio-based Haverhill cokemaking plant. The caller statement begins connected January 1, 2026, with akin presumption arsenic the existent Haverhill contracts.

SunCoke Energy, Inc. (NYSE:SXC) is an Illinois-based shaper of coke successful the United States and Brazil, operating done Domestic Coke, Brazil Coke, and Logistics segments.

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