Innio (NASDAQ:INIO) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Innio (NASDAQ:INIO) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

INIO has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Innio in a report on Monday. They issued a “hold” rating and a $41.00 target price for the company. UBS Group began coverage on Innio in a research note on Monday. They set a “buy” rating and a $47.00 price target for the company. Bank of America started coverage on Innio in a report on Monday. They set a “buy” rating and a $46.00 price objective on the stock. BNP Paribas Exane assumed coverage on Innio in a research note on Monday. They issued an “outperform” rating and a $48.00 price objective on the stock. Finally, Citigroup assumed coverage on Innio in a research report on Monday. They set a “neutral” rating and a $42.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Innio has a consensus rating of “Moderate Buy” and an average target price of $44.60.

Innio Stock Performance

Innio stock opened at $38.13 on Tuesday. 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.