Blue Bird price target raised to $43 from $40 at Roth MKM

Roth MKM raised the firm’s price target on Blue Bird to $43 from $40 and keeps a Buy rating on the shares. The company reported an impressive Q1 earnings beat, the analyst tells investors in a research note. Roth MKM adds that it will watch for continued EV school bus bookings supported by federal funding programs, also raising its estimates for positive business momentum.