Bank of America Begins Coverage on Innio (NASDAQ:INIO)

Stock analysts at Bank of America began coverage on shares of Innio (NASDAQ:INIO) in a research note issued to investors on Monday,Benzinga reports. The firm set a “buy” rating and a $46.00 price target on the stock. Bank of America‘s price objective points to a potential upside of 23.36% from the stock’s current price.

INIO has been the topic of a number of other reports. The Goldman Sachs Group started coverage on shares of Innio in a research note on Monday. They issued a “buy” rating and a $42.00 price target on the stock. Wall Street Zen raised Innio to a “hold” rating in a research report on Saturday, June 13th. UBS Group assumed coverage on Innio in a research note on Monday. They set a “buy” rating for the company. Morgan Stanley started coverage on Innio in a report on Monday. They set an “overweight” rating and a $47.00 price target for the company. Finally, Robert W. Baird set a $50.00 price target on Innio and gave the company an “outperform” rating in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

Innio Stock Performance

Innio stock opened at $37.29 on Monday. Innio has a twelve month low of $30.30 and a twelve month 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.