Innio (NASDAQ:INIO) Stock Rating Upgraded by UBS Group

Innio (NASDAQ:INIO) was upgraded by equities researchers at UBS Group to a “strong-buy” rating in a research report issued on Monday,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 set a “hold” rating and a $41.00 price objective 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 target for the company. Citigroup initiated coverage on Innio in a research note on Monday. They issued a “neutral” rating and a $42.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Innio in a report on Monday. They issued an “overweight” rating and a $44.00 price objective on the stock. Finally, BNP Paribas Exane initiated coverage on Innio in a research report on Monday. They set an “outperform” rating and a $48.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Innio has a consensus rating of “Moderate Buy” and an average price target of $44.60.

Innio Stock Up 3.2%

Shares of INIO opened at $39.55 on Monday. Innio has a 52 week low of $30.30 and a 52 week 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.