Analysis: FedEx ripe for more gains

|About: FedEx Corporation (FDX)|By:, SA News Editor

FedEx (FDX +1.2%) isn't done with its monster run just yet, according to Raymond James.

The investment firm thinks a "transformative" cost improvement plan will pay large dividends for the shipper over the next year.

Though valuation might look pricey when looking at one-year earnings estimates, Raymond James advises investors that they should consider the formidable long-term earnings power of FedEx, after discounting some execution risk, when determining a cozy earnings multiple.