Blue Bird Stock Surges on Analyst Optimism

Blue Birds stock surged by 5.6% in afternoon trading, following positive analyst comments and anticipation of their upcoming earnings report. DA Davidson analyst Michael Shlisky reaffirmed a Buy rating and maintained a $70 price target. The company previously beat earnings per share estimates by 26 cents in the last quarter. The Federal Reserves recent interest rate cut also contributed to the markets optimism. Blue Birds stock has risen nearly 40% this year, and a $1,000 investment five years ago would now be worth over $3,200.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.