Blue Bird initiated with a Buy at BTIG

BTIG initiated coverage of Blue Bird with a Buy rating and $55 price target Blues Bird is a top three school bus original equipment manufacturer with a market leading position in the alternative fuel school bus market, the analyst tells investors in a research note. While the company serves the conventional diesel market, its diesel bus business focuses on value over volume, says the firm. BTIG is bullish on the stock despite the 100% run-up over the last year as it expects growth in the North American school bus market and a continued shift to alternative fuels, which should drive market share gains.