In the attached I have changed Milestone names font to red by:
Clicking for example on TEST 11
Right click and select Format Data Labels
Select Text Options
Solid fill
Select color
Under Format, Shape Styles you can change to proper text, remove outline etc.
By the way - the reason that I used the other template was that there with this one seems to be a problem with some data labels (TEST 1,2,3,4,5,6,8, 9 and 10 are missing), at least on my system.
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