Blue Bird Is Leading The Charge In School Bus Electrification Amidst Surging EV Appetite: Analyst
Portfolio Pulse from Vandana Singh
BofA Securities initiated coverage on Blue Bird Inc (NASDAQ:BLBD) with a Buy rating and a price target of $26.50. The analyst noted that Blue Bird has successfully revamped its financial metrics and is poised to dominate the school bus electrification market. The company anticipates over $1 billion in revenue from the EPA's clean school bus initiative. Blue Bird's backlog includes firm EV orders worth approximately $180 million.
August 18, 2023 | 6:25 pm
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Blue Bird Inc is expected to dominate the school bus electrification market, with a strong financial outlook and a Buy rating from BofA Securities. The company's backlog includes firm EV orders worth approximately $180 million.
The positive coverage from BofA Securities, along with the company's strong financial outlook and potential to dominate the school bus electrification market, are likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100