Innio (NASDAQ:INIO) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. assumed coverage on shares of Innio (NASDAQ:INIO) in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage set an “overweight” rating and a $44.00 price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 21.52% from the stock’s previous close.

A number of other brokerages have also recently issued reports on INIO. The Goldman Sachs Group began coverage on shares of Innio in a report on Monday. They set a “buy” rating and a $42.00 price objective for the company. Bank of America began coverage on Innio in a research note on Monday. They set a “buy” rating and a $46.00 price objective on the stock. Citigroup initiated coverage on Innio in a research note on Monday. They issued a “neutral” rating and a $42.00 target price for the company. BNP Paribas Exane initiated coverage on Innio in a research report on Monday. They set an “outperform” rating and a $48.00 price target on the stock. Finally, Wall Street Zen upgraded Innio to a “hold” rating in a research report on Saturday, June 13th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.60.

Innio Stock Performance

Shares of Innio stock traded down $1.08 during trading on Monday, hitting $36.21. 267,610 shares of the company were exchanged, compared to its average volume of 4,393,438. Innio has a 1-year low of $30.30 and a 1-year high of $42.95.

Innio Company Profile

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.