Royal Bank Of Canada Upgrades Innio (NASDAQ:INIO) to Hold

Innio (NASDAQ:INIO) was upgraded by stock analysts at Royal Bank Of Canada to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on INIO. Morgan Stanley initiated coverage on shares of Innio in a report on Monday. They set an “overweight” rating and a $47.00 target price on the stock. BNP Paribas Exane started coverage on shares of Innio in a report on Monday. They set an “outperform” rating and a $48.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Innio in a research note on Monday. They issued a “hold” rating and a $41.00 price objective on the stock. UBS Group initiated coverage on Innio in a report on Monday. They issued a “buy” rating and a $47.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on Innio in a research report on Monday. They set an “overweight” rating and a $44.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.60.

Innio Stock Performance

Innio stock opened at $38.32 on Monday. Innio has a 12 month low of $30.30 and a 12 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.