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Actionable news in ECA: ENCANA CORPORATION,

Encana (ECA) Stock Rises on Deutsche Bank Upgrade

NEW YORK (TheStreet) -- Encana Corp. (ECA - Get Report) stock is rising by 1.91% to $8.55 in early morning trading on Wednesday, after the company was upgraded to "buy" from "hold" at Deutsche Bank.

The firm also established a $12 price target on the oil and gas company as it faces the volatile commodity market with more opportunities than its competitors.

"Contrary to many producers in static and hunker down mode, the corporate actions at [Encana] over the past three years stand out as having the best opportunity to re-rate the asset base higher in an uncertain commodity environment," Deutsche Bank said in an analyst note.

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Canada-based Encana could produce 15% more oil in the fourth quarter of 2016, compared with the 2015 fourth quarter, while limiting spending and improving margins, analysts added.

Separately, TheStreet Ratings team rates ENCANA CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

We rate ENCANA CORP (ECA) a SELL. This is driven by a few notable weaknesses...


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