Blue Bird price target raised to $14.50 from $13.50 at DA Davidson

DA Davidson analyst Michael Shlisky raised the firm’s price target on Blue Bird to $14.50 from $13.50 and keeps a Buy rating on the shares ahead of its Q4 results. The analyst sees lingering cost headwinds due to legacy contractual increases from suppliers driving a "bare bones" quarter, though he also notes that his checks with management in the last few weeks of Q4 did indicate improving daily build rates. Shlisky adds that the mix of higher average selling price EVs will likely be richer since the EPA doubled subsidy levels in October.