Blue Bird price target raised to $66 from $44 at DA Davidson

DA Davidson raised the firm’s price target on Blue Bird to $66 from $44 and keeps a Buy rating on the shares following its earnings call-back with the management last week. The company has significant market-share potential as low- and zero-emission school buses become a more-important slice of the industry, the analyst tells investors in a research note. This makes Blue Bird’s long-term targets look more like “realistic mid-cycle numbers” rather than a “stretch or peak” goal, the firm added.