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Fly News Breaks for April 3, 2019
ECA
Apr 3, 2019 | 07:03 EDT
Barclays analyst Jeanine Wai started Encana with an Overweight rating and $11 price target. The most attractive large cap Exploration and Production companies have a "strong combination" of sustainable free cash flow yield and growth that is "backstopped by good assets and a solid balance sheet," Wei tells investors in a research note. She believes Encana "checks all these boxes despite the hodgepodge of in-favor and out-of-favor assets." The analyst finds the stock's risk/reward as favorable.
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