B. Riley analyst Dave Kang raised the firm’s price target on Aviat Networks to $58 from $57 and keeps a Buy rating on the shares. The company reported a solid beat and raised its fiscal 2023 outlook, the analyst tells investors in a research note. While the supply chain situation remains challenging, the overall situation continues to improve and Aviat’s revenue in Q2 were not adversely affected by the component shortage, says the firm.
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