UPDATE: Benchmark Lowers PT on American Science & Engineering to $80

Benchmark is out with its report today on American Science & Engineering (NASDAQ: ASEI), lowering its PT from $90 to $80.

In its report, Benchmark writes, "Although we like AS&E's long-term growth prospects in the early stage cargo/vehicle inspection market, we remain cautious ahead of the quarter. We believe AS&E's pipelines might be slowing due to U.S. policy shifts and budget uncertainty and believe some international opportunities could be delayed due to Middle East political turmoil. We maintain our HOLD, but we lower our Price Target to $80 from $90."

Shares of ASEI closed Friday at $81.13.