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Aviat Networks price target raised to $59 from $58 at B. Riley

B. Riley raised the firm’s price target on Aviat Networks to $59 from $58 and keeps a Buy rating on the shares following the company’s Q4 beat. The company’s FY24 revenue and AEBITDA outlook shows its “business as usual” with no inventory correction in the microwave industry, the analyst tells investors.

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