DA Davidson raised the firm’s price target on Blue Bird to $67 from $66 and keeps a Buy rating on the shares. The firm cites the company’s Q3 earnings beat in a “record quarter”, with visibility that has “improved”, the analyst tells investors in a research note. Blue Bird also shared a “reasonable” path to a near-quadrupling of EBITDA between FY23 and FY27, the firm added.
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