UpgradesEncana Corp. (NYSE: ECA) was already rated as Buy at Jefferies, but now the firm has added it to its Franchise Picks list and it has an $8 price target. Encana closed at $3.68 and was called a well-funded outfit with high-quality assets trading at a sharp discount to its $8 value. RBC has a Sector Perform rating but raised its target to $8 from $7.