BMO Capital raised the firm’s price target on Telos to $4.50 from $3.50 but keeps a Market Perform rating on the shares. The firm has been awarded work that could lead to improved growth in the second half of FY24 and FY25, though the “award is under protest” as there is risk inherent in all large government contract awards, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TLS:
- Telos management to meet virtually with Northland
- Telos Corporation Announces Substantial Progress on New Business Capture; Reports Fourth Quarter and Full Year 2023 Results Above Expectations
- Telos sees Q1 revenue $28M-$29M, consensus $33.06M
- Telos reports Q4 adjusted EPS (10c), consensus (12c)
- TLS Earnings this Week: How Will it Perform?