EnCana upgraded to strong buy at Raymond James
EnCana upgraded to strong buy at Raymond James May 12th, 2008 LONDON (MarketWatch) — Raymond James upgraded EnCana Corp. to strong buy from outperform, citing its proposal to reorganize into two publicly traded companies. “The outlook for each of the proposed new companies is better than EnCana as it is currently configured,” Raymond James said. The broker added the natural gas resource arm would have good growth prospects because it would contain all the highest-growth natural gas assets.
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