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Blue Bird Corporation beats earnings estimates, sees increased investment despite recent downgrade.
Blue Bird Corporation, a school bus manufacturer, reported better-than-expected earnings, with $0.86 per share compared to analyst estimates of $0.83.
Despite a recent downgrade by Needham & Company, which lowered its price target but maintained a "buy" rating, Blue Bird has seen increased institutional investment and analyst optimism.
The company's CFO also recently sold shares, and it offers various types of school buses, including electric options.
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Blue Bird Corporation supera las estimaciones de ingresos, ve aumentar la inversión a pesar de la reciente degradación.