Blue Bird price target raised to $35 from $25 at Barclays

Barclays raised the firm’s price target on Blue Bird to $35 from $25 and keeps an Overweight rating on the shares post the fiscal Q1 report. The company has earnings momentum; a rare find in machinery, the analyst tells investors in a research note. The firm says Blue Bird has electric vehicle thematic tailwinds and a mix that should continue to improve into out-years.