Buckingham analyst Daniel McKenzie raised his price target on United Continental to $106 and kept his Buy rating after its better than expected Q2 unit revenue and Q3 outlook. The analyst says the management "succinctly articulated a "no-excuses" EPS goal of $11-$13 in 2020", adding that even in the event of an economic downturn, the airline has "plenty of capacity flexibility". McKenzie further notes that United Continental's raised earnings guidance "adds credibility" to the business plan, stating he is confident that the airline can continue executing on top-line growth, with industry supply up just 2.9% and demand on the rise.