- 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.
Analysis: FedEx ripe for more gains
Dec 13 2013, 14:47 ET