Telos price target raised to $7.50 from $4 at DA Davidson

DA Davidson raised the firm’s price target on Telos (TLS) to $7.50 from $4 and keeps a Neutral rating on the shares. The company’s Q3 results were nicely ahead on both Revenue and EBITDA, and the strong top-line outperformance continues to be driven by ramping Telos ID Revenue from TSA PreCheck now live in over 500 locations and DMDC, or Defense Manpower Data Center, the analyst tells investors in a research note.