Telos price target lowered to $5 from $8 at BMO Capital

BMO Capital analyst Keith Bachman lowered the firm’s price target on Telos (TLS) to $5 from $8 and keeps a Market Perform rating on the shares. Telos delivered a solid quarter with revenue ahead of expectations, driven by strong Security Solutions growth, particularly better-than-expected performance in Telos ID, and FY26 guidance was roughly in-line with expectations with new awards representing upside amid some government timing uncertainty, the analyst tells investors in a research note.