Core Viewpoint - BTIG maintains a bullish outlook on Blue Bird Corporation (BLBD.US), raising its target price to $65, citing a vehicle replacement cycle in the North American school bus market due to the average bus age nearing 11 years [1] Company Position - Blue Bird holds a leading market position as the preferred manufacturer of school buses in North America, commanding approximately one-third of the market share [1] - The company has established a strong brand reputation through high-quality products and long-term partnerships with dealers, enhancing its sales channels and service capabilities across the U.S. [1] Growth Drivers - Blue Bird is transitioning its product lineup towards higher-priced alternative fuel buses, which is expected to drive revenue and profit margin growth [1] - The company has attractive mid-term growth prospects, supported by several catalysts, including increased production of high-priced alternative fuel buses and contracts with major school districts for low-emission vehicles [1] - Upcoming government funding programs from the EPA and state governments are anticipated to further support Blue Bird's growth initiatives [1]