BNP Paribas Exane Initiates Coverage on Innio (NASDAQ:INIO)

BNP Paribas Exane initiated coverage on shares of Innio (NASDAQ:INIO) in a report issued on Monday. The brokerage set an “outperform” rating and a $48.00 price target on the stock. BNP Paribas Exane’s target price would suggest a potential upside of 28.72% from the company’s current price.

A number of other research firms have also weighed in on INIO. Bank of America assumed coverage on shares of Innio in a research report on Monday. They set a “buy” rating and a $46.00 price target on the stock. UBS Group initiated coverage on shares of Innio in a research note on Monday. They issued a “buy” rating and a $47.00 target price on the stock. Wall Street Zen raised Innio to a “hold” rating in a report on Saturday, June 13th. Citigroup began coverage on Innio in a research report on Monday. They set a “neutral” rating and a $42.00 price objective on the stock. Finally, Morgan Stanley started coverage on Innio in a research note on Monday. They set an “overweight” rating and a $47.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Innio currently has a consensus rating of “Moderate Buy” and an average target price of $45.12.

Innio Price Performance

Innio stock opened at $37.29 on Monday. Innio has a 52-week low of $30.30 and a 52-week high of $42.95.

About Innio

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.