Seeking Alpha

Rosy projection on FedEx from Deutsche Bank

  • Deutsche Bank raises its price target on FedEx (FDX +1.6%) all the way up to $183 from $135 on its outlook for a FQ2 breakout.
  • Factors working in the favor of the company include cost-cutting measures which should start kicking in over the next year and incremental volume gains in global markets.
  • The lush PT from the investment firm incorporates a multiple off of the 2015 EPS estimate.
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