B. Riley lowered the firm's price target on SunCoke Energy to $10 from $11 and keeps a Neutral rating on the shares. SunCoke Energy reported Q3 adjusted EBITDA of $59.1M, exceeding estimates, driven by strong Industrial Services performance and a $10M contribution from Phoenix Global, the analyst tells investors in a research note. While logistics and Domestic Coke volumes fell short, the company raised 2025 Industrial Services EBITDA guidance to $63M-$67M and overall 2025 adjusted EBITDA to $220M-$225M, supported by Phoenix contributions and expected synergies, offset by anticipated one-time integration costs, the firm says.
