Litchfield Hills initiated coverage of Cycurion with a Buy rating and $7 price target. The company's backlog has reached an "inflection point" at $80M, positioning Cycurion for a "material revenue inflection" as contracts convert into billable work, the analyst tells investors in a research note. The firm says the company provides cybersecurity advisory, managed services, and software-as-a-service solutions to state and local governments and small businesses.
