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.
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Read More on TLS:
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- Telos Corporation Announces Substantial Progress on New Business Capture; Reports Fourth Quarter and Full Year 2023 Results Above Expectations
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- TLS Earnings this Week: How Will it Perform?
