Seeking Alpha

Analysis: FedEx ripe for more gains

  • 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.
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