Blue Bird initiated with a Buy at R.F. Lafferty

R.F. Lafferty initiated coverage of Blue Bird with a Buy rating and $25 price target. Blue Bird, a designer and manufacturer of Type C & D school and specialty buses, is “the industry leader in electric and propane school buses,” says the firm, which sees “several catalysts that make it an attractive investment.” With the movement to decarbonize the transportation sector, the U.S. has provided purchasers of school buses with subsidiaries and tax credits expected to boost the company’s sales over the next several years, the analyst tells investors.