Aviat Networks price target lowered to $38 from $41 at Roth Capital

Roth Capital lowered the firm’s price target on Aviat Networks (AVNW) to $38 from $41 and keeps a Buy rating on the shares. The company reported solid Q2 results that modestly exceeded estimates and also generated $23.9M of Cash Flow from Operations – a trend that is expected to continue and translate to meaningful debt reduction over the next several quarters, the analyst tells investors in a research note.