Aviat Networks price target raised to $42 from $39 at Roth MKM

Roth MKM raised the firm’s price target on Aviat Networks (AVNW) to $42 from $39 and keeps a Buy rating on the shares. The company reported blowout Q2 results with meaningful upside, and the results reflected a recovery of Pasolink, North American sales and early contribution from 4RF, which translated to a strong rebound of Product gross margins, the analyst tells investors in a research note. Macro telco spending trends have bottomed and private network demand remains healthy, the firm added.