11:30 AM EST, 11/03/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of $58, raised $10, reflects a combination of our relative valuation and DCF models. On a relative basis, we apply a 5.5x multiple of enterprise value to projected '26 EBITDA, in line with DINO's historical forward average. This approach yields a value of $52 per share. Our DCF model, using medium-term free cash flow growth of 3.5% per year, terminal growth of 2%, and a WACC of 6.6%, yields intrinsic value of $65 per share. We lift our '25 EPS estimate by $2.15 to $4.98, and '26's by $1.81 to $5.45. Refining margins industry-wide are on the rise, and DINO is no exception. We think the industry is benefiting from ongoing U.S. demand growth for refined products, combined with a lack of new industry capacity. We also note that the end of the Federal $7,500 tax credit for electric vehicles is likely to dampen enthusiasm for potential switching towards EVs. Shares yield 3.9%, and we estimate a 2026 payout ratio of 47%, which we think is defendable.