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Blue Bird price target lowered to $36 from $41 at Roth MKM

Roth MKM analyst Craig Irwin lowered the firm’s price target on Blue Bird (BLBD) to $36 from $41 after its Q1 earnings beat. The company reported solid earnings but lowered its EV school bus guide to about 1,000 units vs the prior 1,000 to 1,300 unit outlook, the analyst tells investors in a research note. Roth adds that it sees elevated FY26 uncertainty on the outlook for falling EV deliveries where these buses make an outsized contribution to profitability.

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