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Fly News Breaks for April 27, 2015
ASEI
Apr 27, 2015 | 08:36 EDT
CRT Capital downgraded American Science & Engineering to Sell and lowered tis price target to $35 from $50. On Friday, the company announced a subpoena received from the Office of the Inspector General of the US General Services Administration related to an investigation by the GSA and DoD into the Company's compliance with contractual arrangements with the GSA. CRT Capita said the potential impact will depend on the outcome of the investigation and notes the company's has ongoing operational weaknesses.
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