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Encana CEO Doug Suttles.
Encana CEO Doug Suttles.
(Todd Korol for The Globe and Mail)

Wednesday's analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day. For breaking analyst actions prior to market open every day, read our Before the Bell morning report.

Encana Corp. shares have risen sharply since the company announced early Tuesday a sweeping restructuring that involves layoffs and a dividend cut, but Deutsche Bank analyst Stephen Richardson is still urging caution before investors load up on its shares in hopes of a turnaround.