Telos price target lowered to $3 from $4.50 at BMO Capital

BMO Capital lowered the firm’s price target on Telos (TLS) to $3 from $4.50 and keeps a Market Perform rating on the shares. The company’s Security Solutions business is better positioned for 2025 vs. 2024, particularly given the ramp-up of the large DMDC contract won during 2024, the analyst tells investors in a research note. BMO adds however that new business for Telos carries risk in the government given the new administration.