Blue Bird price target raised to $80 from $65 at BTIG

BTIG raised the firm’s price target on Blue Bird (BLBD) to $80 from $65 and keeps a Buy rating on the shares after its Q2 earnings beat. The company continues to capitalize on the ongoing school bus replacement cycle and the 100% ownership in Micro Bird provides meaningful Total Addressable Market expansion and vertical integration opportunities moving forward, the analyst tells investors in a research note.