Innio (NASDAQ:INIO – Get Free Report) was upgraded by equities researchers at The Goldman Sachs Group to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.
A number of other analysts also recently issued reports on INIO. Citigroup initiated coverage on shares of Innio in a report on Monday. They set a “neutral” rating and a $42.00 price target on the stock. UBS Group began coverage on shares of Innio in a report on Monday. They set a “buy” rating and a $47.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Innio in a research report on Monday. They set an “overweight” rating and a $44.00 price objective on the stock. Royal Bank Of Canada began coverage on shares of Innio in a report on Monday. They issued a “sector perform” rating and a $39.00 target price on the stock. Finally, Morgan Stanley started coverage on shares of Innio in a research report on Monday. They issued an “overweight” rating and a $47.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.60.
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Innio Stock Performance
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.
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