Innio (NASDAQ:INIO) Upgraded by Zacks Research to Hold Rating

Innio (NASDAQ:INIO) was upgraded by Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Innio in a report on Monday. They set a “buy” rating and a $42.00 price target on the stock. 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. BNP Paribas Exane started coverage on shares of Innio in a report on Monday. They issued an “outperform” rating and a $48.00 target price on the stock. Robert W. Baird initiated coverage on shares of Innio in a research note on Monday. They set an “outperform” rating and a $50.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Innio in a report on Monday. They set a “hold” rating and a $41.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.60.

Innio Stock Performance

NASDAQ INIO opened at $38.13 on Tuesday. Innio has a one year low of $30.30 and a one year 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.