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SunCoke Energy shares should be bought on any weakness, says Wells Fargo

After SunCoke Energy (SXC) reported higher than expected Q1 EPS, Wells Fargo expects it to sell assets to its MLP spinout Sun Coke Energy Partners (SXCP) starting in 1H14 to unlock value for both companies. The firm raised its estimates on SunCoke Energy and keeps an Outperform rating on the shares.