Frequency Electronics, Inc. (FEIM) , a niche leader in precision time and frequency control systems, has been downgraded from “Outperform” to “Neutral,” citing a mix of strategic achievements and financial constraints. While the company continues to innovate and expand in mission-critical defense applications, deteriorating margins and cash flow concerns have prompted a more cautious stance.Positive HighlightsStrong Defense Contract Momentum and Backlog GrowthIn late 2025, FEIM's subsidiary FEI-Zyfer receiv ...