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Fly News Breaks for December 9, 2015
SXC
Dec 9, 2015 | 07:54 EDT
As previously reported, BofA/Merrill downgraded SunCoke Energy (SXC) to Underperform from Neutral and lowered its price target to $3 from $9 on shares. Analyst PT Luther sees increased likelihood of a dividend cut from general partner SunCoke Energy Partners (SXCP) given liquidity pressures at steel and coal customers. Luther believes SunCoke Energy is free cash flow negative and relies on SunCoke Energy Partners for distributions.
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