DynCorp International upgraded to ‘buy;’ shares rise 8%

DynCorp International Inc. (NYSE:DCP) shares are up 8% today after research firm Stifel Nicolaus upgraded the Falls Church, Va.-based defense and technical services company to “buy” from “hold.” The company works with the U.S. Department of Defense and the U.S. Department of State on international security services and logistics and construction management. The upgrade was based on the continued presence of both DynCorp and the United States in the conflicts in Iraq and Afghanistan, Thomson Financial reported. Shares of DynCorp are at $15.59 at 1:46 ET, up $1.22 from Friday’s close. Shares of the stock have ranged from $14 to $27.58 during the past year.

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