07:25 AM EST, 11/05/2025 (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 $201, raised by $26, reflects a combination of relative valuation and DCF models. On a relative basis, we apply a 7.2x multiple of enterprise value to projected 2026 EBITDA. This multiple is in line with MPC's historical forward average and yields a value of $186 per share. Our DCF model, which relies on free cash flow growth of 2.5% per year, discounted at a WACC of 8.0%, indicates an intrinsic value of $216 per share. We lift our 2025 EPS estimate by $1.81 to $9.74, and similarly 2026's by $2.13 to $13.57. We think MPC is benefiting from a widening of industry refining margins, helped by a lack of new supply and relatively stable demand growth. In addition, MPC has rising exposure to midstream, where demand for takeaway capacity for natural gas, especially out of the Permian Basin, remains quite high. Overall, we think MPC has several tailwinds at its back, but also think its valuation is slightly stretched vis-a-vis near-term prospects.