B. Riley raised the firm’s price target on Telos (TLS) to $8.50 from $5.25 and keeps a Buy rating on the shares. The company’s recovery momentum has continued to build, the analyst tells investors in a research note. The firm believes Telos has shifted from a turnaround story to an investment thesis supported by sustained revenue growth, adjusted EBITDA margin expansion, and free cash flow generation in the coming years. It upped the price target after introducing fiscal 2027 estimates.
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