Stanley Shares Gain After Analyst Upgrade

NEW YORK (AP) — Shares of government information technology contractor Stanley Inc. rose Monday after an analyst upgraded the stock to "Strong Buy" from "Outperform" on prospects for growing revenue.

Raymond James analyst Brian Gesuale said he expects that "contract wins will accelerate sharply, the passport business will improve significantly, and organic growth should gather momentum."

Arlington, Va.-based Stanley, which provides systems integration and professional services for the federal government, has more than $1.5 billion of bids submitted, up from $1 billion at quarter's end, and its historical win-rate is in the mid-50 percent range, he said. ...