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Blue Bird price target raised by $4 at Craig-Hallum, here’s why

Craig-Hallum analyst Eric Stine raised the firm’s price target on Blue Bird to $38 from $34 and keeps a Buy rating on the shares. The firm notes Blue Bird exited 2023 on strong footing with Q4 results well ahead of Street estimates and including record revenues, EBITDA and EPS. Illustrating the strong/improving fundamentals across its business, Blue Bird beat estimates and raised its guidance for the 4th consecutive quarter, Criag-Hallum adds.

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