06:00 AM EDT, 08/08/2025 (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 $177 (up by $9) reflects a combination of our EV/EBITDA and DCF model analyses. We apply a 10x multiple of EV to projected 2026 EBITDA, yielding a value of $167 per share, while our DCF model, based on a free cash flow growth rate of 7.7% for 10 years, and terminal growth of 2.0%, discounted at a WACC of 6.2%, yields an intrinsic value of $187 per share. We lift our 2025 EPS estimate by $0.55 to $8.38 and our 2026 forecast by $1.00 to $9.95. Pipeline volumes were strong in Q2 in both the Gathering & Processing and Logistics & Transportation segments. The Permian continues to be the major growth driver of TRGP's project backlog, and the company is adding to that backlog of projects with more connectivity to key end markets. However, guidance on 2025 EBITDA remains the same, and implies only a small uptick in the second half of 2025 versus the first half.