Espey Mfg. & Electronics Corp. (ESP) has been downgraded to Neutral from Outperform following a mixed set of developments that temper its near-term upside potential. While the company continues to demonstrate solid profitability and maintains a strong balance sheet, certain growth and order trends warrant a more cautious stance. Below, we outline the key positives and negatives influencing the rating change.Positives Supporting the StockStrong Margin Expansion Driving Earnings GrowthDespite lower sales in t ...