Telos price target raised by $2 at Northland, here’s why

Northland raised the firm’s price target on Telos to $6 from $4 and keeps an Outperform rating on the shares after having hosted CEO John Wood and CFO Mark Bendza for a non-deal roadshow on December 4. The initial traction and ramp of TSA Pre-Check is “well above our prior assumptions,” which “bodes positively for rebuilding management credibility,” the analyst tells investors after the management meetings.