Telos price target raised to $4.50 from $2.25 at BMO Capital

BMO Capital raised the firm’s price target on Telos (TLS) to $4.50 from $2.25 and keeps a Market Perform rating on the shares. The company has put together a strong quarter and has been executing much better against large contracts over the past year than in the years prior, the analyst tells investors in a research note. The ongoing TSA expansion can also help support growth over the next several quarters through both new enrollment locations to gain share and some broader growth in the market, the firm added.