Roth MKM Downgrades Blue Bird to Neutral, Maintains Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Craig Irwin has downgraded Blue Bird (NASDAQ:BLBD) from Buy to Neutral, while maintaining the price target at $48.
October 03, 2024 | 12:11 pm
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Roth MKM has downgraded Blue Bird from Buy to Neutral, indicating a less optimistic outlook on the stock, but maintains the price target at $48.
The downgrade from Buy to Neutral suggests that the analyst sees less potential for upside in Blue Bird's stock price in the near term. Maintaining the price target at $48 indicates that the analyst believes the stock is fairly valued at its current price. This downgrade could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100