Vetr Issues Encana A Strong Buy

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On Thursday, the Vetr crowd upgraded their rating for Encana Corp (USA) ECA from 2.5 stars (Sell) issued two days ago, to 5 stars (Strong Buy). At the time of the upgrade, crowd sentiment for the stock was mostly positive, with 90 percent of Vetr user ratings bullish.

The Vetr upgrade comes after shares in the Canadian energy company dipped slightly below $12.50 during Thursday's trade. However, Encana has performed reliably well over the past year, keeping a slow and steady climb to reach new 52 week highs since the start of 2017.

One day before Vetr's upgrade, JPMorgan initiated coverage of Ecana at Overweight with a $16 price target.

See how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average target price for the stock is up at $16.00, which is above the average analyst target price of $13.67. Less than 2 percent of Vetr users are holding ECA in their watch lists.

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Posted In: UpgradesPrice TargetInitiationAnalyst RatingsVetr
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