Blue Bird price target raised to $35 from $26 at Roth MKM

Roth MKM analyst Craig Irwin raised the firm’s price target on Blue Bird to $35 from $26 and keeps a Buy rating on the shares. The firm is citing the company’s Q1 earnings beat, with average selling prices that were up 26% from last year, reflecting improving mix and past price increases for commodity cost escalation, the analyst tells investors in a research note.