Aviat Networks price target lowered to $42 from $55 at B. Riley

B. Riley lowered the firm’s price target on Aviat Networks to $42 from $55 and keeps a Buy rating on the shares. Aviat Networks has filed a notification to delay the filing of its 10-K since the company will require additional time to finalize its financial reports, and management has identified certain material weaknesses in financial reporting for FY24, which could be related to the Pasolink acquisition, the analyst tells investors in a research note.