Electric school bus funds ‘flowing' positive for Blue Bird, says Barclays
Barclays says round 3 of the Clean School Bus was unfrozen by the EPA after a review in accordance with recent executive orders, noting that about 10% of the roughly $900M total was 'approved in the last week alone.' This news is 'incrementally positive' for Blue Bird (BLBD) in a backdrop where 'most things EV have been seemingly more cautious,' according to the analyst, who has an Overweight rating and $54 price target on the bus maker's shares.
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Blue Bird price target lowered to $61 from $67 at DA Davidson
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