Innio (NASDAQ:INIO – Get Free Report) was upgraded by analysts at UBS Group to a “strong-buy” rating in a report released on Monday,Zacks.com reports.
A number of other research analysts have also recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Innio in a report on Monday. They set a “buy” rating and a $42.00 price objective for the company. BNP Paribas Exane began coverage on Innio in a report on Monday. They set an “outperform” rating and a $48.00 price target on the stock. Royal Bank Of Canada assumed coverage on shares of Innio in a research report on Monday. They set a “sector perform” rating and a $39.00 price target for the company. Robert W. Baird assumed coverage on shares of Innio in a report on Monday. They set an “outperform” rating and a $50.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Innio in a research note on Monday. They issued an “overweight” rating and a $44.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.60.
Read Our Latest Stock Analysis on INIO
Innio Trading Up 3.2%
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.
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