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Sunoco Dropped To Underperform
By: DailyMarkets.com
Posted on February 28, 2012 at 12:02 PM EST
We are downgrading Sunoco Inc. (NYSE:SUN) shares to Underperform from Neutral, because of its weak business model, geographically undiversified asset base and operational hindrances. In mid-January, Sunoco completed the separation of its metallurgical coke manufacturing business, to SunCoke Energy Inc. (SXC), a 100% publicly traded company. We believe that the transfer of SunCoke has made [...]

We are downgrading Sunoco Inc. (NYSE:SUN) shares to Underperform from Neutral, because of its weak business model, geographically undiversified asset base and operational hindrances.
In mid-January, Sunoco completed the separation of its metallurgical coke manufacturing business, to SunCoke Energy Inc. (SXC), a 100% publicly traded company. We believe that the transfer of SunCoke has made Sunoco a less diversified business model. As a result, Sunoco is exposed to greater competitive risks than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Related Stocks:
SunCoke Energy Tesoro Corp. Valero Energy Corp.
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