Aviat Networks price target lowered to $40 from $42 at Roth Capital

Roth Capital lowered the firm’s price target on Aviat Networks (AVNW) to $40 from $42 and keeps a Buy rating on the shares. The company reported blowout Q3 earnings upside and maintained its annual guidance, which reflects a conservative, but appropriate outlook given the current macro environment including tariff uncertainty, the analyst tells investors in a research note. The firm adds that given the conservative expectations, it would use the current valuation as an entry point.