Rosy projection on FedEx from Deutsche Bank

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

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.