Blue Bird: A Bargain Valuation For A Market Leader In High Gear
Blue Bird Corporation's stock has recently dropped by 11%, presenting a potential buying opportunity. The termination of its pension plan is not expected to affect its cash balance or adjusted EBITDA. Despite selling fewer units, the company reported improved operational margins in its Q2 results.
- ▪Blue Bird Corporation's stock is rated a Buy with a long-term price target of $161.
- ▪The recent 11% drop in stock price is seen as a bargain by analysts.
- ▪The termination of the pension plan will not impact the company's cash balance or adjusted EBITDA.
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