American Science & Engineering (ASEI -4%) takes a hit on a downgrade to Hold on valuation at...

|About: American Science and Engine... (ASEI)|By:, SA News Editor

American Science & Engineering (ASEI -4%) takes a hit on a downgrade to Hold on valuation at Benchmark. The firms thinks ASEI is faced with lackluster growth FY13 and possibly into FY14 as well due to soft bookings from government delays and economic uncertainty. Additionally, the large Foreign Military Sales requirement from Iraq is likely to be delayed due to funding constraints.