Northland analyst Nehal Chokshi upgraded Telos to Outperform from Market Perform with a price target of $4, up from $2.50. Over next 12 months, the firm sees “multiple events transpiring to catalyze investors to gain confidence” that Telos is on track to “minimally being a cost plus federal IT services contractor,” says the analyst, whose probability of the firm’s downside scenario is “moving to 0%.”
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