-- Aeroflex Enterprises (NSE:AEROENTER, BOM:511076) said its subsidiary M.R. Organisation (USA) has acquired the remaining 49% stake in ABP Impex, Portugal, according to a Monday filing on Indian bourses.
Shares of the company rose over 1% in Tuesday's trade.
Following the transaction, ABP Impex has become M.R. Organisation's wholly owned subsidiary, the filing said.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Following encouraging Q1 results, we lift our 12-month target to $260 from $250 and reaffirm our Buy view on shares. Our target values shares at 22.4x our 2027 EPS view of $11.62 (up from $11.34; 2026 EPS view is raised to $10.62 from $10.52), near peers' and DOV's historical average multiple. DOV posted operating EPS of $2.28, up 11% Y/Y, as revenue growth accelerated to 10% Y/Y (5% organic), reflecting broad-based strength across the portfolio and momentum in secular growth markets. Clean Energy & Fueling and Climate & Sustainability Technologies led top-line growth with 13% and 18% Y/Y revenue increases, respectively, benefiting from demand in energy transition markets. Bookings performance was sound, with $2.5B in orders (up 24% Y/Y). Notably, management quantified the opportunity from the AI investment supercycle, guiding for $1 billion of related sales to be generated in 2026. DOV is making targeted investments in capacity to meet accelerating demand, with order conversions likely picking up into 2027.