Blue Bird price target raised to $65 from $54 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Blue Bird to $65 from $54 and keeps a Buy rating on the shares. An increased mix of electric school buses is now set to be an additional EBITDA growth driver for Blue Bird, and the firm’s attendance at ACT Expo earlier this week only strengthened this view with school buses widely thought of as the perfect end use for electrification, the analyst tells investors in a research note.