Blue Bird price target raised to $44 from $38 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Blue Bird to $44 from $38 and keeps a Buy rating on the shares. The firm notes that it was an extremely strong start to FY24 for Blue Bird with a beat across-the-board, including record Q1 units and revenues, and all-time record EBITDA and EBITDA margin.