Blue Bird price target raised to $44 from $39 at DA Davidson

DA Davidson raised the firm’s price target on Blue Bird to $44 from $39 and keeps a Buy rating on the shares. The company’s results exceeded expectations dramatically once again as its execution was superb in a less-than-perfect environment, the analyst tells investors in a research note. Despite all of the good news, the firm maintains that Blue Bird is conservatively “downplaying its hand”, the firm added.