Blue Bird Is Leading The Charge In School Bus Electrification Amidst Surging EV Appetite: Analyst

BofA Securities initiated coverage on Blue Bird Inc (NASDAQ:BLBD) with a Buy rating with a price target of $26.50.

The analyst notes that Blue Bird has successfully revamped its financial metrics, evident in its EBITDA margin and especially in the cash flow statement, despite facing considerable cost inflation.