The United States sees a new vehicle update cycle. BTIG raises the target price of school bus manufacturer Blue Bird (BLBD.US) to $65.

According to the financial news app, Zhitong Finance, investment bank BTIG has released a research report indicating a bullish view on the American Blue Bird Corporation (BLBD.US), raising its target price to $65. The bank pointed out that, given the average age of school buses in North America is close to 11 years, the company's market is expected to continue to be in a vehicle renewal cycle.