Telos price target lowered to $4 from $4.50 at BMO Capital

BMO Capital lowered the firm’s price target on Telos to $4 from $4.50 and keeps a Market Perform rating on the shares. The company delivered upside to revenue and margin in the quarter, with favorable revenue mix to Security Solutions due to solid execution across the portfolio, including TSA precheck and renewals,the analyst tells investors in a research note. Telos’s guidance was light however, and while the company has a few large deals in the pipeline that are pending resolution, the stock will remain a “show me” story, BMO added.