BMO Capital analyst Keith Bachman raised the firm’s price target on Telos (TLS) to $8 from $4.50 and keeps a Market Perform rating on the shares after its Q3 earnings beat. The company continues to execute well thus far in 2025, delivering both revenue and adjusted EBITDA above the high end of the guided range in the quarter, the analyst tells investors in a research note. The TSA precheck momentum remains strong particularly as Telos is now operating at scale having reached 500 locations, the firm added.
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