Blue Bird price target raised to $49 from $36 at Roth Capital

Roth Capital raised the firm’s price target on Blue Bird (BLBD) to $49 from $36 after its Q3 earnings beat but keeps a Neutral rating on the shares. The company has noted that backlog began to fall in April after Trump’s initial tariff announcements, though the management also expects orders to pick up as major tariffs with China and the EU are settled, and pricing certainty increases for school districts, the analyst tells investors in a research note.