Aviat Networks price target lowered to $40 from $50 at Northland

Northland analyst Tim Savageaux lowered the firm’s price target on Aviat Networks to $40 from $50 and keeps an Outperform rating on the shares. The firm’s price target cut is driven in part by a “preemptive lowering of our Street high” FY25 estimates in the wake of the company’s disclosure of a delayed 10-K filing due to financial control issues that are likely a result of increased financial complexity from the NEC deal.