United Continental price target raised to $58 from $53 at UBS UBS raised its price target on United Continental to $58 from $53 following guidance from the company. The firm expects the stock to trade higher on the update and reiterates its Buy rating on United Continental shares.
United Continental lowers Q3 capex view to $470M-$490M, maintains FY view United Continental expects between $470M-$490M of gross capital expenditures in Q3, which is below previous guidance. The difference versus prior guidance is primarily attributable to certain capital expenditures having shifted from Q3 to Q4. There is no impact to full-year 2014 capital expenditure guidance, the company said.